Disingenuous and Absurd Don't look for a cordial settlement when it comes to the issue of granting a Renewable Fuel Standard (RFS) waiver, as requested last week by U.S. livestock groups. Ethanol groups have circled the wagons. "Higher corn prices facing livestock and poultry users is a result of Mother Nature, not ethanol," said Tom Buis, CEO of Growth Energy. "To try and blame the ethanol industry is disingenuous and absurd. We have never run out of corn and this year will be no different." Buis added that members of the livestock industry believe "they are still entitled to subsidized corn prices."Our favorite quote out of this debate is from the chief of the Renewable Fuels Association, Bob Dineen, who said that "the marketplace is...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.