The U.S. biodiesel industry has renewed its efforts to convince Congress to change the recipients of the current $1/gallon biodiesel tax credit from blenders to producers. This is intended to prevent the credit from going to those blending imported biodiesel and thereby encouraging those imports. Soybean Sales to China Canceled USDA today announced that exporters had canceled the sale of 395,000 MT of soybeans to China for shipment in 2015/16. Most likely, this was an exporter shifting delivery of a sale to that country from the U.S. to South America, but it conceivably could be an importer having purchased more than it now wants to receive. As of 14 January, there were 4.412 MMT of these sales to China, and USDA on Monday reported that l...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.