The Fed's apparent reluctance to raise interest rates caused a big slide in the U.S. dollar's value in late trade, although it still is near a 12-year high. That dip caused most U.S. commodity markets to rally today. General Comments As expected, the Federal Reserve Bank dropped "patient" from its latest approach toward raising interest rates since first using that word last December in that regard. However, its statement then went on to say that even though the employment situation has clearly improved, there still are several negative signals about the U.S. economy. Those include falling exports, weak housing, flat wages, little growth in manufacturing and consumer spending that remains tepid despite the windfall from falling gasoline a...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
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...