EPA today released the proposed 2014 required volume obligations (RVOs) for 2014. The final version of the 2013 RVOs was released in early August of this year. Under the 2007 Energy Independence and Security Act (EISA), the RVOs are to be final by 30 November of the year prior to their effect. Today's proposed rule is subject to a 60-day comment period, making it likely to be finalized around March after all comments are reviewed.The announcement was not much different than what was leaked in October during the government shutdown. According to the leaked document, cellulosic was trimmed to 17 million gallons from 23 million gallons. The corresponding advanced number was trimmed by 10 million gallons from the original leaked volume of 2.2...
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 €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.