Back on 5 January 2012 we found our crystal ball that we had misplaced tucked in the back of a closet. We dusted it off, and looked to see what it had to say about the future during the year of 2012. As we are nearing the end of the year, it is appropriate that we look to see how accurate those predictions turned out to be. Herewith is a summary of early predictions for 2012 measured by what actually happened and how we grade them.
We forecast that the South American drought, then in its early stages, would continue through at least February and that soybean and corn production in Brazil and Argentina would be hurt. This would cause an increase in demand from the U.S. We said that "futures prices will rally, but will not come close to...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
