With controversy over small refinery exemptions (SREs), election year political strategies, and COVID, the U.S. Environmental Protection Agency (EPA) never issued the required volume obligations (RVOs) for 2021 as required under the Renewable Fuel Standard. The statutory deadline is one week from today, 30 November. That deadline won’t be met, as EPA never even issued the proposed RVOs (though they finished those in May); the proposed volumes must be published for public comment before they can be finalized. That leaves the most likely option – punt the rule until next year and let the new Biden EPA take it up. Even if it was the Biden EPA’s first action next year, it can’t happen before the end of Janua...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.