Amid the swinging U.S. dollar and crude oil, grain and soy prices were a sea of calm. Once again, prices traded a bit higher overnight, although it was not enough to be called a rally. General Comments The minutes of the last Federal Open Market Committee (FOMC) meeting were released this afternoon, and they show committee members with a relatively upbeat view of the U.S. economy despite the drag on exports from the strong U.S. dollar. Taken by themselves, the minutes would support the likelihood of an interest rate increase in June. However, less favorable economic and employment data since then indicate that the U.S. economy may be slowing somewhat. This has some Fed watchers thinking that a rate increase may be delayed until later in t...
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.