Rabobank analysts are projecting the last interest rate hike of the year to come next month.
Lucas Fuess tells Brownfield their latest Agribusiness Review is, “expecting a final 25 basis hike in May and then likely to remain on hold for the remainder of the year.”
Fuess says shipping rates continue to normalize despite labor union negotiations which is benefiting supply chain logistics.
“Ocean freight was a huge deal whether it was port congestion or just the cost of moving goods overseas—a lot of that has returned to normal,” he says.
