While the market awaits the Environmental Protection Agency (EPA) to set the 2013 "renewable volume obligations" (RVOs) for all biofuels except biodiesel (which already was set at 1.28 billion gallons) by the end of this month, the American Fuel and Petrochemical Manufacturers (AFPM) has petitioned EPA to reconsider the RVO for biodiesel. AFPM claims that since the EPA initially issued the rule, a number of factors have surfaced that could result in unintended consequences that will adversely impact both the domestic refining industry and U.S. consumers. Among them, a greater demand for soybean oil used to produce the fuel could hurt the price and supply of agricultural commodities. "EPA's own data estimates that the cost of increasing th...
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.