We have long maintained that the math behind the Renewable Fuel Standard (RFS) is unsustainable. As previously asserted, 2013 will be the year that RFS reform becomes a congressional issue and that E15 liability will be a major issue (see WPI 26, 30 September 2011). Today House Energy and Commerce Committee staff averred in congressional newspaper The Hill that they will be holding hearings on the RFS next year.Among the concerns cited is the impact of E15 now that E10 has met the blend wall. The Environmental Protection Agency (EPA) has approved E15 for vehicles older than the 2001 model-year under a specified misfueling mitigation plan. However, the American Automobile Association (AAA) notes that only flex-fuel vehicles, 2012 or newer...
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.