Slapped and Squirming: Less than a week after a federal judge ruled that the U.S. Environmental Protection Agency (EPA) had exceeded its authority by mandating that fuel blenders use nearly 433 times more cellulosic fuel than was produced by the biofuels industry, the agency announced today that blenders must use 61 percent more cellulosic. The court chided EPA for following the false claims of production by cellulosic producers and then fining their captive customers for the shortfalls. EPA basically slapped the judge in the face by once again chasing the fantasy of the cellulosic industry.Meanwhile, corn ethanol producers are beginning to squirm as they come to realize what WPI's Dave Juday has been warning about for some time: Fuel ble...
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.