Oil versus Corn The White House will host a meeting with U.S. senators next week on biofuels policy. The debate is over two issues: 1) granting waivers to the ethanol blending mandate to refiners; and 2) allowing the year-round sale of 15 percent ethanol-gasoline blends. There is annual appropriations language that allows waivers for small refiners based on “disproportionate economic hardship.” However, some question its methodologies, and Senator Chuck Grassley (R-Iowa) wants to change the language. Others complain that a “hardship” waiver was granted to Carl Icahn, a multi-billionaire. Perhaps to better compete in its political dispute with agriculture, the oil industry has hired Mike Sommers to be the new head o...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.