The study was requested by Senators David Vitter (R-Louisiana) and James Inhofe (R-Oklahoma) with the specific topic of how regulatory costs impact the competitiveness and profitability of the U.S .refining industry.The DC Court of Appeals is hearing a case on the Renewable Fuel Standard (RFS) that is based in part on EPA's missing the statutory deadlines for establishing the yearly required volume obligations (RVOs). EPA is also now hinting that the 2014 RVOs for ethanol will be higher than the proposed level released last November, based on updated data since the proposed rule was published. The 2014 RVO rule should have been finalized in November 2013. Instead, it was only first proposed during that month. Likewise, the 2013 final rule,...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.