If there is any doubt whether or not agriculture is a key constituency for Republicans generally, and the President specifically, in 2020, consider that the White House has scheduled President Trump to address the American Farm Bureau Federation convention which convenes this weekend for the third year in a row. Notably, EPA Administrator Andrew Wheeler will accompany the President. Wheeler is unpopular with corn and biofuels crowd; why would he be there if not to smooth over ruffled feathers on the topic of biofuels and small refinery exemptions (SREs)? It will be worth keeping an ear tuned to Wheeler’s comments to learn of any coming EPA action that could be bullish to biofuel use. Perhaps there will be comments r...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.