The final required volume obligations (RVOs) for 2021 biofuel blending mandates is due in 17 days; that is a statutory requirement (although missed more than met since 2007 when it was implemented). However, not only has it not been issued, but the proposed rule has also yet to be published by EPA, even though it was completed in May. In the meantime, unthinkable back in April and May, corn prices are above $4.00/bushel, and gasoline prices are down 20 percent as of last week, and gasoline supplies in the U.S. are down 6 percent from last week. Moreover, with the COVID spike, lockdowns are being reimplemented across the country, starting with New York today and Chicago on Monday at 6 AM. These will extend into the Thanksgiving holiday, whi...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.