Q1 GDP growth is expected to be negative, per the Atlanta Fed “GDPNow.” Spending data is still generally positive through January, however, consumer confidence eroded sharply in February. In recent weeks, numerous economic indicators have shown decelerating spending and declining consumer confidence, with the GDPNow readout at negative 2.4 percent. As of 6 March, the Atlanta Fed’s GDPNow model is projecting Q1-25 US GDP to decline by 2.4 percent.
Job growth in February was 151,000 new jobs, with the February unemployment rate nudging up to 4.1 percent from 4.0 percent. Wage rates were up 4.7 percent versus a year ago and continued to moderate. The February CPI was up 3 percent versus a year ago, with the PPI up 2.9 percen...
There was heavy volume exiting soybeans, which dragged down the broader market today. The lack of a specific Chinese buying commitment for soybeans undermined speculators who had placed bets on state-directed trade. But even the Chinese do not totally ignore market fundamentals. They may still...
On Tuesday, 12 May, WPI reported on an Executive Order being prepared by the Trump Administration to suspend tariff rate quotas (TRQs) on beef from all exporters for 200 days as a means of addressing high beef prices in the United States. After considerable pushback from cattle producer groups,...
WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag Perspectives subscribers will have gratis access to the report through 16 April 2026. Please email us or subscribe online after this date to...
