The Federal Reserve’s Federal Open Market Committee (FOMC) met last week making no changes to monetary policy but revised its economic projections outlook. The FOMC kept the federal funds rate at 0.25 percent and will do so until labor market conditions improve, and inflation is on track to exceed 2 percent over a longer term. The post-meeting statement also indicated that the Fed will continue its asset purchases, increasing Treasury securities by $80 billion per month and mortgage backed securities by $40 billion per month until labor and inflation conditions stabilize. The purchases are intended to support credit to both businesses and households. The FOMC also noted that “indicators of economic activity and employment have...
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.