EPA today released the proposed 2014 required volume obligations (RVOs) for 2014. The final version of the 2013 RVOs was released in early August of this year. Under the 2007 Energy Independence and Security Act (EISA), the RVOs are to be final by 30 November of the year prior to their effect. Today's proposed rule is subject to a 60-day comment period, making it likely to be finalized around March after all comments are reviewed.The announcement was not much different than what was leaked in October during the government shutdown. According to the leaked document, cellulosic was trimmed to 17 million gallons from 23 million gallons. The corresponding advanced number was trimmed by 10 million gallons from the original leaked volume of 2.2...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.