Yesterday, President Biden announced what will be his Administration’s third release of oil from the Strategic Petroleum Reserve (SPR) and it will be the largest in history at 180 million barrels over six months, via 1 million barrel per day releases. Recall, as WPI covered here, 50 million barrels were released in November 2021 to help ease rising domestic gasoline prices. At the time of the release, WTI crude was around $78/barrel. Prices eased some but were back at the same level by the first week of January. Then, as WPI covered here, another 30 million barrels were released as of 1 March 2022 (along with a coordinated 30 million barrel release from the International Energy Agency (IEA) to add 60 million barrels to the market)...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.