World Perspectives
feed-grains soy-oilseeds wheat

Is 2012 Like 1988?

We haven't had a true 4 July weather market in years. In fact, it has probably not been since the last widespread mega-drought in 1988. That particular drought caught everyone's attention starting in May of that year, and it stretched throughout the Corn Belt and Northern Plains. Much of the Northern Plains have been on the right side of the "ring of fire" this year, plus there were some good rains in May across the far northern areas. Back in 1988, the weather market ended around the 4 July period, when it finally started to rain. That weather rally quickly took us to new highs, but when it ended, it ended with a fast and furious collapse in prices that were very permanent. Some analysts are now comparing 2012 to 1988, at least in terms...

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HPAI Waning This Spring

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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.

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