The Fed added some language to its statement following yesterday’s Federal Open Market Committee (FOMC) meeting that was not included in December’s, which the market is interpreting to mean the number of federal fund rate hikes in 2016 have been reconsidered.With the stock market, oil price and developing world currency turmoil, Federal Reserve watchers were focused on what it might say after yesterday’s Federal Open Market Committee (FOMC) meeting about the continued track for hikes in the federal funds rate. We had predicted (see Ag Perspectives, 22 December) that a “likely scenario” would be rate increases following every other meeting in 2016 (i.e., March, June, September and December) that would bring the federal funds rate to a 1.25-1...
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.