It is June, halfway through CY 2013, and thus far no required volume obligations (RVOs) have been set for the Renewable Fuel Standard (RFS). The U.S. Environmental Protection Agency (EPA) on 1 February issued proposed levels that were subject to a 45-day comment period, which has long elapsed, and a public hearing on 8 March.EPA noted that the 2013 mandates could be met with carryover Renewable Identification Numbers (RINs). However, 2014 would be more difficult because the inventory of RINs would be depleted and because lower ethanol production would not be sufficient to rebuild that supply -- especially as the RFS grows. This summer the EPA will finalize the 2013 limits and propose 2014 mandates. The RFS calls for 18.15 billion gallons...
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.