A number of lawmakers had been seeking an immediate waiver for E15 this summer, but the deadline for that has passed. E15 cannot be sold from 1 June to 15 September, and no such waiver was implemented by that start date. The administration, however, is expected to soon announce a deal that would permit E15 to be marketed year-round coupled with a plan to allow ethanol exports to generate RINs. That plan could be tabled as early as tomorrow. That proposal, though, is expected to be published in the Federal Register and subject to public comments. It’s unlikely that the comment period, and the EPA’s review of those comments, could happen in less than 90 days, making the effective date of the plan (if it is appro...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.