While the controversy over the 2014, 2015, and 2016 RFS and RVOs continues, the EIA and USDA released their monthly forecasts for this year's ethanol demand. However, there are a few other factors and trends to consider.The controversy over the 2014, 2015, and 2016 Renewable Fuel Standard (RFS) and Required Volume Obligations (RVOs) continues. A week ago, a number of ag and biofuel groups filed a petition with the U.S. Court of Appeals for the District of Columbia requesting that it review the EPA’s use of its general waiver authority to reduce the statutory volumes of biofuels in the final rule making for those three years. The EPA applied the waiver criteria of an “inadequate domestic supply” to mean an inadequate total supply of finished...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.