Pre-Emptive Ethanol Action Scuttlebutt is that at least part of the ethanol industry may decide to request a temporary waiver or a temporary lowering of the RFS mandate. It is a pre-emptive move out of fear that they could lose it all if left to the politicians in a crisis. Indeed, the heart of the Corn Belt worsens by the day and the optics could get very ugly. Already the Korean Feed Millers have requested that the U.S. back off from turning animal feed into ethanol. If the media grabs the story and portrays feed buyers in rich countries outbidding hungry children in poor countries, and animals being forced into slaughter while ethanol plants continue turning dwindling amounts of corn into inedible alcohol, the politicians will react s...
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.