30 days from today, E15 will no longer be marketable for most automobiles and light-duty vehicles. Without an exemption from the Reid Vapor Pressure (RVP) limits imposed on motor fuel by the Clean Air Act, it cannot be sold during the summer period of 1 June-15 September. RVP is the measurement of evaporation volatility of fuels, a process that causes smog. Summer fuels must have an RVP of 9 pounds per square inch (psi) or less, and E15 exceeds that. The RVP of biofuels blended into gasoline is 10, exceeding the standard by 1 psi. E10 has an exemption, but E15 does not. Last year, however, the EPA allowed E15 to be sold between 1 June and 15 September if labeled as a “flex fuel” to be legally used by flexible fuel vehicles (FFV...
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.