Yesterday was the beginning of the new corn marketing year, and a recent analysis indicates the direction of corn prices after 1 September seems to have a good track record as one of those unofficial barometers of presidential elections.Yesterday was the beginning of the new corn marketing year, and September corn futures closed at $3.11/bushel. The direction of corn prices after 1 September seems to have a good track record as one of those unofficial barometers of presidential elections, according to an analysis by Farm Futures magazine. It published some research on the correlation between the two about a month ago, which provided some interesting details.Since 1960, if corn prices increased between 1 September and Election Day, the White...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.