The Supreme Court of the United States (SCOTUS) ruled on the Sackett v EPA case yesterday regarding the definition of waters of the United States (WOTUS) under the Clean Water Act (CWA). Topline takeaways are as follows: this does not per se change the EPA’s latest WOTUS rule which took effect in March 2023, but it does undermine a key principle on what that regulation was based. So as WPI noted on 3 January 2023 shortly after EPA published the final WOTUS rule the month before: “The case could upend the new WOTUS rule, ….” Another key point in that regard, the Court’s decision was unanimous. That’s unlike the Court decision on California’s Proposition 12 which was 5-4. H...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.