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biofuel

Biofuel Round-Up

E15: It is 9 April; by 1 May terminals that blend gasoline with ethanol need to be in compliance with summer-grade gasoline specifications that are effective on 1 June. The ethanol industry has pressed EPA for another emergency waiver for year-round E15 use in the summer of 2024. EPA did approve an E15 waiver for eight midwestern states, but that doesn’t go into effect until 2025. Further, that waiver is for states which produce 76 percent of the U.S. ethanol supply but use only 35 percent. The national waiver is much more significant in terms of demand. For the last two years there has been a nationwide waiver, announced at the “11th hour” on 28 April in 2022 and 29 April in 2023. Those benchmark dates are less than three...

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Market Commentary: Wheat Pulls Back from Weather Rally; Soymeal Leads Soy Complex

The CBOT saw mixed trade to start the week with wheat futures (except the MGEX market) pulling back amid profit taking and a general feeling of a correction after their recent rally. The soy complex, on the other hand, saw a strong rally in soymeal as the plight of the Argentine crop is bolster...

Carbon Wars; Teeing up Taiwan

Carbon Wars The EU is moving forward with its plans for a Carbon Border Adjustment Mechanism (CBAM), and with its EU Deforestation Regulation. Despite claims to handling domestic and imported products equally as required under the WTO’s national treatment obligation, there will be plenty...

Farm Bill Behind the Scenes Negotiations

On 15 April WPI reported: House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has stated that he will move a farm bill draft out of committee in May; the Ranking Minority Member, David Scott (D-Georgia) has indicated that he’ll work with Thompson to have a bipartisan time...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Pulls Back from Weather Rally; Soymeal Leads Soy Complex

The CBOT saw mixed trade to start the week with wheat futures (except the MGEX market) pulling back amid profit taking and a general feeling of a correction after their recent rally. The soy complex, on the other hand, saw a strong rally in soymeal as the plight of the Argentine crop is bolster...

Carbon Wars; Teeing up Taiwan

Carbon Wars The EU is moving forward with its plans for a Carbon Border Adjustment Mechanism (CBAM), and with its EU Deforestation Regulation. Despite claims to handling domestic and imported products equally as required under the WTO’s national treatment obligation, there will be plenty...

Farm Bill Behind the Scenes Negotiations

On 15 April WPI reported: House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has stated that he will move a farm bill draft out of committee in May; the Ranking Minority Member, David Scott (D-Georgia) has indicated that he’ll work with Thompson to have a bipartisan time...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 29 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

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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.

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