The CBOT traded mostly lower on Tuesday with funds remaining dedicated sellers. The motivation for their selling stems partially from pre-holiday risk-off trading and partially from the technical weakness enveloping the charts. Corn was the downside leader for the second straight day, though ob...
Grains and oilseeds nearly all traded lower to start the week with profit taking driving most of the action as the CBOT enters another holiday-shortened week. The only market to finish higher was soyoil, where a geopolitical tension driving bounce in crude oil helped support the vegoil. Improve...
According to stock market statisticians, the S&P 500 stock index historically makes an average of 1.3 to 1.4 percent gains during the last five days of December and the first two days of January. The so-called Santa Clause rally has happened nearly 80 percent of the time, with analysts attr...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.