Markets are volatile due to the large number of economic cross-currents. The WTO unsurprisingly announced that global trade would decline in 2023. The combination of rising interest rates, inflating prices, energy shortages and reshoring efforts add to the burdens. OPEC+ will cut oil production by 2 billion barrels/day just as Europe tries to wean itself off of Russian gas. Some say the current combination of factors will lead to stagflation. Now the White House is said to be considering an export ban on gasoline. This will prove more globally controversial than its push for tax credits limited to domestic EV output. Domestically, it will lower gasoline prices but concurrently reduce the incentive for production. Longer term, refiner invest...
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.