World Perspectives
livestock equities softs

Debate over Economic News

A number of economic reports for June were released last Thursday, and the news is now full of debate about whether these new statistical indicators are good news, bad news or somewhere in between.A number of economic reports for June were released last Thursday that addressed unemployment, non-farm payrolls, manufacturing payrolls, average hourly earnings and average weekly hours for workers. Below is a rundown:

Payroll jobs rose to 288,000 in June. Private sector jobs were up 262,000, reaching 52 consecutive months of gains. They totaled 1.33 million for January-June, the most job growth in the first six months of any year since 1998. The unemployment rate fell to 6.1 percent in June, down from 7.5 percent a year ago. The median durat...

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Market Commentary: Energies Collapse on Ceasefire News but Grains Reclaim Early Losses

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May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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Market Commentary: Risk is Priced In — But Not Yet Believed

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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