On Friday we reported on the lobbying effort by merchant refiners – and more specifically their labor unions – to get a waiver from the RFS. But Friday was also the day that the Administration released its regulatory agenda, which included the following regarding the RFS and biofuels: 2022 RVOs: The 2022, and 2021, required volume obligations (RVO) are teed up to move soon. The Proposed 2022 RVO is scheduled to come in July and targeted to be finalized to meet the 30 November deadline. Since the 2021 RVO was never issued due to the COVID pandemic and the 2020 election, that rule will have the retroactive volumes for 2021 (as happened in 2016 when the 2015 and 2014 RVOs were set retroactively at the volumes actually used). Whil...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
Key Takeaways: Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of its fertilizer needs. High natural gas costs and development challenges have limited domestic nitrogen and potash production despite Brazil&...
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.