The EIA’s January Short-Term Energy Outlook forecasts Brent Crude oil prices will be steady through 2018 and unable to break the $60 ceiling.The U.S. Energy Information Administration’s (EIA’s) January 2017 Short-Term Energy Outlook (STEO) is forecasting crude oil prices will remain fairly stable through 2017 and 2018. The agency also projects that Brent Crude, which averaged $54.45/barrel for the first three weeks of 2017, will eventually reach $60/barrel by the end of 2018. It is up from the average $30.70/barrel in January 2016, the low point for oil prices last year, and $47.76/barrel in January 2015. Crude oil prices picked up in December after the Organization of Petroleum Exporting Countries (OPEC) approved an agreement to reduce pro...
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.