Last week, the California Air Resources Board (CARB) finalized a rule that will outlaw the sale of gas-fueled cars by 2035. The plan is phased in requiring the auto fleet to be no more than 65 percent gasoline powered cars by 2026 and no more than 32 percent by 2030 before the 2035 ban. This plan, when and if fully implemented, would have an enormous impact on ethanol demand. Under the federal Clean Air Act (CAA), this has the ultimate potential to spread among states and reduce up to 44.545 billion gallons of motor gasoline demand, or more than 32 percent of the total national gasoline use, and impact about 37 percent of all new automobile and light truck sales. Assuming this lost motor gasoline was all to be blended at E10, the impact on...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.