The U.S. Environmental Protection Agency (EPA) has released the 2013 "renewable volume obligations" (RVOs) for 2013 under the Renewable Fuel Standard (RFS) with a surprisingly bullish cellulosic level and no waiver from the advanced biofuel levels. These are proposed levels, subject to a 45-day comment period, and thus could change in 60 days or so.Below is a closer look at EPA's math.Blend Wall: EPA calculates that the 16.55 billion-gallon mandate for total biofuel use would be 9.63 percent of the total motor fuel use on and off road adjusted for small refiners and Alaska, which opts out. The shortcut to the figure is based on the Energy Information Administration (EIA) data from the January 2013 Short-Term Energy Outlook (STEO). STEO da...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.