Markets remained under pressure today amid the scare of a recession and a drop in demand. The fear is somewhat overstated in grains and oilseeds since recessions tend to impact banks, manufacturers, and consumer discretionary industries - not so much non-discretionary items like food. Moreover, any recession is expected to be a mild one given an objective view of the balance sheets for banks and consumers. In fact, Federal Reserve Chair Jerome Powell told Congress we have turned the corner on inflation, presumably because of last week’s large hike in the interest rate. The exceptional factors remain China’s imbalances and COVID practices, plus Russia’s war in Ukraine, with the former bearish for ags and the latter u...
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.