This month the California Air Resources Board (CARB) issued a proposal to modify the Low Carbon Fuel Standards (LCFS), including a cap on the use of soyoil and canola oil as feedstocks in relation to earning credits under the program. CARB will be holding a hearing on these proposed changes on 8 November. The proposed rules include: Limiting biomass-based diesel (BBD) from soyoil and canola oil to 20 percent per company. For companies already registered under the LCFS and reporting greater than 20 percent BBD from soyoil or canola oil in 2023, the effective date of this provision is 2028. This cap is to be enforced on the producers. Effectively, that means volumes of BBD above the 20 percent limit would not generate LCFS credits. The LCFS...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.