A pair of Republican lawmakers in the House of Representatives used the day before Thanksgiving to release a new proposal for Renewable Fuel Standard (RFS) reform that would replace the annual mandated volumes with a new standard for high octane finished motor fuel. Those two are Representatives John Shimkus (R-Illinois), who has spent the past few years working on an RFS reform plan that all sides could accept, and Bill Flores (R-Texas), who has a RFS reform proposal to cap ethanol use at 9.7 percent of the fuel supply. Shimkus is the outgoing chairman of the Environment subcommittee of the House Energy and Commerce Committee. The plan has its roots in the subcommittee’s April 2018 hearing on high octane fuels. Shimkus said at that...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.