As we all know, 2012 was a very difficult year for the derivatives world. The good news in 2013 is that the volume plunge was reversed.Detailed annual data on trading volume from the 84 formal derivative exchanges around the world is compiled by the Futures Industry Association (FIA), the global industry's trade association, and published in March of the following year. We always find this data to be very interesting. Thanks to the FIA's efforts, it is possible to analyze all sorts of volume trends in the world's trade in futures and options contracts both regionally and globally. We will not attempt to go into all of the information the FIA provides, but just highlight some of the things that grab our attention.As we all know, 2012 was a v...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.