Back in October 2010, the Federal Reserve undertook Operation Twist, whereby it sold $400 million in short-term bonds (maturities of three years or less) in order to fund the buying of $400 million long-term bonds (maturities of six years or more). In addition, the Fed would continue to buy mortgage-backed securities. The goal was to flatten the yield curve and lower long-term interest rates. Well, interest rates are down. On Friday, 24 August, the interest on the 10-year Treasury note was 1.68 percent. In July, it had dropped to 1.4 percent. In August 2002, 10 years ago, it was about 4.5 percent, and the rates rose to more than 5 percent in 2007.In July 2011, 10.4 percent of the U.S. debt was in 10-year notes or longer. As of March, the...
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.