Yesterday, the Independence Day holiday, was a key milestone of the summer driving season. Driving mileage typically increases in the summer season from Memorial Day through Labor Day, with the greatest driving increase occurring between 4 July and Labor Day. Starting this week, U.S. retail gasoline prices averaged $3.50 per gallon on Monday, 1 July, which is an increase of 14 cents from a year ago. However, average gasoline prices for the first half of this year are eight cents below average prices during the same period last year. This summer's increased driving season will not match past years' if it goes as projected by the U.S. Department of Energy's Energy Information Administration (EIA). The demand for fuel is starting below the 2...
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.