CARIBO, the organization representing Argentina’s biodiesel producers, indicated it is seeking to prevent the U.S. Congress from converting the current biodiesel blenders’ tax credit into a producers’ credit. Argentine Biodiesel Producers Oppose Shift in U.S. Blenders’ Tax Credit CARIBO, the organization representing Argentina’s biodiesel producers, indicated it is seeking to prevent the U.S. Congress from converting the current biodiesel blenders’ tax credit into a producers’ credit. The effect of the change would be to preclude the eligibility of biodiesel imports to receive a $1/gallon benefit. Argentina has supplied over half of the biodiesel that has been imported into the U.S. thus far in 2015.CARBIO said in a statement that the shi...
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.