Growth is slowing in the major economies (see survey graph below), and stimulus is needed to move back into a higher gear. The European Central Bank changed its guidance this week, suggesting another rate cut could occur even as its key interest percentage is set at zero. Bank President Mario Draghi wants fiscal spending to increase, especially in Germany. As the largest economy in Europe, Germany is heavily dependent on export markets and has been hurt by the geopolitical uncertainty imposed by Donald Trump. The Germans are hugely frugal, but 62 percent of the top economists surveyed by the Initiative on Global Markets say, “When the economy is operating below its potential and monetary policy is at the effective lower bound, fiscal...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.