Legislation to approve E15 blends of ethanol is moving in the Senate, but it has garnered opposition from the National Council of Chain Restaurants.As previously reported, with the growth in ethanol production and production efficiency (see Ag Perspectives, 16 May) along with the mandated trend to greater mileage efficiency in the vehicle fleet (see Ag Perspectives, 30 May), the ethanol industry has made approval of E15 a priority in order to expand the fuel’s utilization. One of the strategies has been to pursue this legislatively; the core issue has been regulatory and up to the EPA.While E15 has been generally approved for use in the nation’s fuel supply since 2011 (for all automobiles of model year 2001 and newer), its volatility preven...
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.