A summary of positive economic data will be on the agenda for the Federal Reserve’s June meeting to decide on further interest rate hikes.The Federal Reserve’s Federal Open Market Committee (FOMC) will meet on 14 June, less than two weeks from today. After the 3 May meeting, it decided to maintain the target range for the federal funds rate at 0.75-1 percent. That decision was based on some slower-paced economic activity earlier in the year, and the FOMC wanted to make sure those soft numbers were “... transitory before taking another step in removing accommodation” (i.e., increasing interest rates).Below are some data points and trends that the Fed will consider as deliberations center around whether to increase interest rates again and ho...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.