Overnight trading in grain and soy futures found prices generally lower amid what can best be described as a lack of interest. That interest did not accelerate much during the day session as grains and the soy complex were not really influenced by the nuances of today's Fed’s statement. General Comments The U.S. Federal Reserve Bank’s Federal Open Market Committee (FOMC) ended its March meeting this afternoon, and as was fully expected, it left its interest rate unchanged. However, the statement accompanying that decision struck many analysts as being more “dovish” than anticipated. It acknowledged improvement in the U.S. labor market and other economic activity, but the statement also cited continuing headwinds from the sluggish global e...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.