"Nothing is certain except that nothing is certain." The same can be said about the markets' often unpredictable nature. Bob Kohlmeyer commented on this capriciousness on Tuesday, 13 October 1998, when he wrote: It is safe to say, we think, that no one predicted in advance what today's ag futures market would bring by way of a rally. Who would have predicted that Dec Corn would settle up 8 cents/bushel? But that is what happened as a result of the following:1. USDA Secretary Glickman was quoted by wire services as saying that USDA was considering the use of its old direct credit program (GSM-5) to cover shipments of US wheat, corn, poultry, etc. to Russia.2. Markets, which had opened more or less unchanged, began to react to talk that USDA...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.