Typically, the month of March comes in like a lion, but that metaphor started early as February went out like a lion hellbent on destroying global stock markets. In case you hadn’t heard, the spreading coronavirus COVID19 (which the World Health Organization has yet to label as a pandemic but reported 49 new cases on Friday, including Mexico, New Zealand, and Nigeria) has caused concerns about the health and outlook for the global economy. The expectation for weaker economic growth created heavy selling in the stock markets on Monday this week. As equity markets posted steep losses, technical and panic selling developed as well, and the result is that the S&P 500 finished this week 15 percent below last week’s close. ...
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.