World Perspectives

Fed Holds Rates: Looking for Confidence Moving Forward

The Federal Reserve left the federal funds rate unchanged this week at the latest meeting of the Federal Open Market Committee (FOMC).  As WPI reported on 23 January,  … the Federal Funds futures market was pricing in a more than 97 percent chance of the Fed leaving rates unchanged at its meeting on 31 January, and an expectation that rates will be cut at the 1 May meeting. So far, half of that outlook has proven correct.  What remains to be seen is what unfolds in the next four months.  In a statement after the meeting the FOMC said it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent” and t...

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Market Commentary: Calm, Confident, But Correct?

The trading before a major WSDE report always entails differing vibes. It is more volatile when there is wide variance in expectations, and more subdued when the mood is more sublime. This might count as the latter except where it wasn’t.   The volume trading corn, wheat and soy...

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Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.215/bushel, up $0.065 from yesterday's close.  Nov 25 Soybeans closed at $10.335/bushel, up $0.0825 from yesterday's close.  Dec 25 Soymeal closed at $287.7/short ton, up $1.9 from...

Livestock Roundup: Inflation Is Up

The CPI released this morning showed that August prices increased 0.4 percent and 2.9 percent over the last 12 months. For food at home, the index rose to 0.6 percent in August and for 0.3 percent for food away from home. The August data compares to a drop of -0.1 percent in July and 2.7 percen...

feed-grains soy-oilseeds wheat

Market Commentary: Calm, Confident, But Correct?

The trading before a major WSDE report always entails differing vibes. It is more volatile when there is wide variance in expectations, and more subdued when the mood is more sublime. This might count as the latter except where it wasn’t.   The volume trading corn, wheat and soy...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.215/bushel, up $0.065 from yesterday's close.  Nov 25 Soybeans closed at $10.335/bushel, up $0.0825 from yesterday's close.  Dec 25 Soymeal closed at $287.7/short ton, up $1.9 from...

Livestock Roundup: Inflation Is Up

The CPI released this morning showed that August prices increased 0.4 percent and 2.9 percent over the last 12 months. For food at home, the index rose to 0.6 percent in August and for 0.3 percent for food away from home. The August data compares to a drop of -0.1 percent in July and 2.7 percen...

Remembering 9-11

Twenty-four years ago, on September 11, 2001, the U.S. experienced one of the most tragic and influential days in the nation’s history. The events of that day would spark great unity, and later division, as our nation grappled with terrorism’s fallout. The days and weeks immediately...

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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.

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