There are just 1.5 trading days left until the Christmas holiday and funds are starting to lighten their positions. The hope is to reduce risk while the focus shifts to family and friends. Instead of its historical policy of an early closure on Christmas Eve, the U.S. government this year will be fully closed on 24 December. The futures and equity markets are sticking with an early closure on that day and considering the lightened volume and historical trend in commodity futures, some may wonder why bother to open? During the decade of the 2010’s, Christmas Eve in the futures market has not always been predictable. In 2010, it was a large gain day for corn, wheat and soybeans but the same shortened trading day in 2014 incurred large...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.