The U.S. biodiesel industry has renewed its efforts to convince Congress to change the recipients of the current $1/gallon biodiesel tax credit from blenders to producers. This is intended to prevent the credit from going to those blending imported biodiesel and thereby encouraging those imports. Soybean Sales to China Canceled USDA today announced that exporters had canceled the sale of 395,000 MT of soybeans to China for shipment in 2015/16. Most likely, this was an exporter shifting delivery of a sale to that country from the U.S. to South America, but it conceivably could be an importer having purchased more than it now wants to receive. As of 14 January, there were 4.412 MMT of these sales to China, and USDA on Monday reported that l...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.