U.S. EPA will likely announce its final Renewable Fuel Standard (RFS) blend requirement after next month's election. Had the Obama administration wished to influence Senate races in places like Iowa, it would have moved on the issue by this point. Ethanol Outlook U.S. EPA will likely announce its final Renewable Fuel Standard (RFS) blend requirement after next month's election. Had the Obama administration wished to influence Senate races in places like Iowa, it would have moved on the issue by this point. This also implies that the administration will not try and cram more ethanol onto the gasoline market than it can absorb. As noted in a recent Congressional Budget Office (CBO) report on the future of the RFS, meeting the full statutory...
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.