On 22 February, we noted that the Supreme Court had agreed to hear a challenge to the 10th District Court’s ruling on small refinery exemptions (SREs). In January, the Department of Justice, acting as counsel for the EPA, had requested that the Supreme Court not hear the case and instead affirm the 10th District case; the EPA announced it would be applying the ruling of the 10th District to all future SRE requests. Nonetheless, the Supreme Court announced it will hear the case on 27 April; the final decision could come around July. Meanwhile, 13 Republican Senators from oil states have asked EPA to waive the required volume obligations for 2020 due to the COVID disruption. This follows a request for a partial waiver made...
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.