In addition to raising the federal funds rate at its 13-14 June, the Federal Reserve addressed the issue of how it will roll off its massive holdings of securities.
At its 13-14 June, the Federal Open Market Committee (FOMC) raised the federal funds rate by a quarter-percent (see Ag Perspectives, 14 June) to a target range of 1-1.25 percent. This is the fourth rate hike since December 2015, and the FOMC’s post-meeting notes indicated another one is likely in September.After its May meeting, the FOMC decided to maintain its existing policy of reinvesting all principal payments from its holdings of agency debt and agency mortgage-backed securities back into agency mortgage-backed securities along with rolling over maturing Treasury s...
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...
