The Senate Agriculture Committee today called on the Commodity Futures Trading Commission (CFTC) to look at the trading of Renewable Identification Numbers (RINs) under the Renewable Fuel Standard (RFS). The call comes after a recent news report of fraudulent biodiesel RINs in Indiana and news stories about suspected or perceived speculation in the RINs market. Indeed, the release issued this morning included the following: Press reports have highlighted potential speculation and manipulation of the unregulated markets, possibly contributing to recent market volatility and spikes in price. RINs are generated when biofuel is produced or imported. They are a 38 digit code which designates the particulars about a gallon of biofuel (producer,...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.