At the end of this year the existing biofuel tax credit expires and will be replaced with the new Clean Fuel Production Credit (CFPC) included in the Inflation Reduction Act (IRA) of 2022. Those credits which are expiring include the on-again, off-again biodiesel blenders’ tax credit (BTC), which has been a bit of a roller coaster since first implemented. The BTC expired several times, only to be extended retroactively. During those expiration/extension periods, the industry pushed for a producer – as opposed to a blenders’ - credit that would not benefit imported biodiesel. The latest extension in 2022, under the IRA, was proactive until the end of this year, with the credit and others being replaced by the...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
The election is over – for the most part. Counting is still underway in some states, including Alaska, where a ranked-choice voting system is in place for the Senate race, and Mississippi, as well as in some House districts. But as of now, Democrats have secured at least 54 Senate seats,...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.