This is the day of a big White House meeting on reforming the Renewable Fuel Standard (RFS). News of it being scheduled, which broke late last week, was enough to push down the price of Renewable Identification Numbers (RINs). The topic of today’s meeting is not long-term RFS reform, however, and is instead a short-term RINs fix to help refiner Philadelphia Energy Solutions(PES) keep its doors open. Senator Ted Cruz (R-Texas), who defeated President Trump in the 2016 Republican Iowa caucus despite his calls for eliminating the RFS, was at PES on 23 February to hold a rally. He will be at the White House meeting today along with RFS champions and Iowa Republican Senators Charles Grassley and Joni Ernst. EPA Administrator Scott Pruitt...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.