We reported on Monday that the EPA would be sending its 2022, and never finalized 2021, proposed required volume obligations (RVO) under the renewable fuel standard to the Office of Management and Budget (OMB) for review. The question was when? We now know the answer: yesterday. There has been confusion over these RVO’s since at least June when OMB updated the Administration’s regulatory agenda indicating that the proposed rules would be issued in July. There was speculation about the RVO in March when EPA Administrator Michael Regan was confirmed with the topic a big part of his confirmation hearings. Given court cases on E15, small refinery exemptions (SRE), COVID impacts, and the fact that the 2021 proposed RVO’s were...
What You Need to Know Today: Corn and soybean futures were lower to open the week, with funds still in control and in a selling mood. The upcoming WASDE report on Tuesday is also likely to feature larger corn and soybean stocks, which helped put grain futures on the defensive. Wheat futures we...
Key Takeaways: Currency exchange rates influence agricultural export competitiveness and producer profitability, even when underlying commodity prices remain unchanged. A weaker domestic currency allows agricultural exporters to receive more local currency for dollar-denominated sales, potenti...
Although inflation has remained elevated since the post-COVID surge, it steadily moderated until the past year. More to the point, today’s inflation looks very different from 2022, when the Consumer Price Index (CPI) peaked at 9 percent. During and after the pandemic, the M2 money supply...
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.