The monthly CPI for May was up 4 percent over 12 months; that is down from the April to April annual increase of 4.9 percent and slightly below the pre-report expectations of 4.1 percent. The May increase of 0.1 percent was the smallest 12 month increase since April 2021. A drop in energy prices over the past 12 months was the main factor in the lower CPI readout. Energy prices dropped by 11.7 percent from a year ago. Fuel oil was down 37 percent, gasoline down 19.7 percent, and natural gas was down 11 percent. Electricity, however, was up 5.9 percent. Food inflation was up 6.7 percent, with food at home up 5.8 percent and food away from home up 8.3 percent – limited service meals in the food away from home cateory excee...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.