An article of interest in Monday’s Wall Street Journal cited the ongoing survey conducted byDeutsche Bank AG that tracks the value and total return performance of 70 different asset classes. Total returns include price movements and income received from items such as dividends, interest, and bond coupons. The asset classes followed are a diverse group that includes stocks, bonds, currencies, cryptocurrencies, credit markets and commodities. Deutsche Bank has been conducting this tracking survey since 1901. On average, the total returns from about 70 percent of the different asset classes tend to move in the same direction at the same time. So far in 2019, however, nearly 90 percent of them have shown positive total returns. Bitcoin l...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.