The law of unintended consequences endlessly reveals itself in public policymaking, particularly in areas where it is most market distorting. Mandating the purchase of insurance was the solution to healthcare free riders, 12-ounce maximum soft drinks (the proposed solution to obesity), and now a federally mandated purchase of 4 gallons of fuel is the solution to preventing damage to small engines from blender pumps serving E15 gasoline. Apparently E15 causes premature engine failure in motorcycles, and enough residual fuel remains in the pump hose that dialing a machine back to E10 would still introduce the risk of damage to the vehicle. The rule from U.S. Environmental Protection Agency (EPA) will force motorcyclists, lawn mowing equipme...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.