Testy Meeting At the behest of her boss, President Biden, U.S. Energy Secretary Jennifer Granholm has called an emergency meeting with oil refining executives next week. The President is demanding that they increase output, but Secretary Granholm will be in an uncomfortable position during the meeting. Refining companies will likely remind her of all the things the Administration has done to harm investment in the sector, thus aggravating the current supply shortfall. The oil companies will have leverage to demand faster permitting, reduced regulatory burdens and rhetorical support, but the Administration will invite anger from the environmental community if it concedes to any of it. WTO Baby Steps After years of inaction,...
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.