RFS Waiver on the Clock Two more states, Texas and Virginia, have petitioned the Environmental Protection Agency to waive the Renewable Fuel Standard (RFS). Governors Rick Perry (R-Texas) and Bob McDonnell (R-Virginia) join governors from North Carolina and Arkansas, who petitioned EPA, and Maryland and Delaware, who support an RFS waiver but did not technically petition the Agency.Most importantly, EPA opened a public comment period today, which starts the 90-day countdown until it will have to issue a decision on the waiver. This period will end after the election, but perhaps take place during a lame duck session. Written comments must be received by 26 September. The request was supposed to be published on Monday, 27 August, but ac...
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.