World Perspectives
biofuel energy

Shorting Markets and RIN Fraud

Shorting the Market The Thai Ministry of Commerce is reportedly assembling its ASEAN counterparts to negotiate the creation of a trading cartel in rice. Apparently the government's rice mortgage scheme has worked as planned and spiked the price of rice, but that has caused exports to plunge as neighboring rice producers happily take advantage of Thailand's sudden uncompetitiveness. Bangkok's answer is for everyone to collectively stiff the consumer, which would likely bring benefit to rice producers not part of the cartel. It is all an old and familiar dance to try and undermine the market. RINs When the petroleum refining industry bought fraudulent Renewable Identification Numbers (RINs) from biodiesel suppliers registered under the E...

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Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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.

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