There is new economic data out showing that the economy is not destined for a recession (near term, anyway). The impact of increased interest rates may just delay a recessionary period until next year. Orders for durable goods were released today. Most categories were up, including metals, industrial machinery, computers and electronics, autos, and defense aircraft. Commercial aircraft orders were down. Overall, durable goods orders are above the pre-pandemic high of February 2020 – right before the COVID lockdowns. This is a positive trend for GDP growth. Technically, a recession is two consecutive quarters of negative growth. The Q1 GDP was down 1.5 percent, and right now, the Federal Reserve Bank of Atlanta’s GDP &ldq...
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.