Ethanol versus Oil Global ethanol use is predicted to increase but its main purpose is not to replace oil but to boost octane and thus reduce air pollution. Indeed, it is apparently difficult to get rid of oil. Colombia University economists modeled the impact of a carbon tax on petroleum consumption and concluded that 75 percent of a $200/MT carbon tax would be passed along to consumers initially but ultimately most oil reserves continue to get developed and eventually its price drops far enough to negate the effect of the tax. Impeachment Answer/U.S.-China Outcome Nearly every respondent to WPI’s last survey regarding the impeachment process against President Trump believes the U.S. House will send the articles indicting hi...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.