Reports and Open Trading Hours Now that USDA reports are being released during open trading hours, it is clear that there is a spike in both volatility and volume in the seconds before and after release. USDA/ERS economist Michael Adjemian, who has previously written on the market effects of the WASDE announcement, has now looked at the dynamic during open trading hours. There is a spike of around 50 percent during the five minutes before and ten minutes after release of the report, settling down to around 5 percent the rest of the day. This is in contrast to most trading days where the rate of volatility is around 1 percent. There is a dip in trading at the moment of release where apparently everyone is pausing to comprehend what the...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.