Key Market Insights Macro Markets: Inflation and Iran Reenter the Conversation Just when the grain trade had become comfortable focusing almost exclusively on weather, two major macro stories returned to the spotlight this morning: inflation and Iran. May CPI came in hotter than expected, with headline inflation rising 4.2 percent year-over-year, up from 3.8 percent in April. Core CPI also moved higher to 2.9 percent. The biggest driver was energy, with the energy index up 23.5 percent from a year ago and gasoline prices up more than 40 percent. The Key Takeaways:
Inflation is moving higher. Rate cut expectations may get pushed further back. The FOMC meets 16-17 June, putting interest rates back in focus. Middle East tensions are rising ag...
Why read this? Because Mark Twain correctly noted that “History doesn’t repeat itself, but it often rhymes.” One of the most successful commodity traders and an eventual analyst at WPI was Bob Kohlmeyer. He was a history major from Princeton. After 47 years of profession...
After more than 40 years serving the agricultural industry and leading World Perspectives, Inc., Gary Blumenthal is retiring. His career—which included time on Capitol Hill, at USDA and the White House—helped shape U.S. and international agricultural policy and guided strategic disc...
Key Takeaways: China's rise to become the world's largest soybean importer reshaped global trade flows, but recent trade tensions have reduced its share of U.S. soybean exports. U.S. soybean exports have become increasingly diversified as exporters expanded sales to multiple emerging markets t...
