The yield curve for Treasury bonds inverted on Wednesday, and that sparked a major stock sell-off as well as rampant speculation about the state of the economy. While it is true that inverted yield curves preceded each of the last seven recessions, the phenomenon is a symptom and not a cause. I...
Expectations of crop tours finding yields below USDA’s latest estimate gave the CBOT a boost to end what has otherwise been a bearish week. Private yield estimates prompted a round of short covering in the corn and soybean markets, while wheat was left largely directionless. Cattle prices...
Economic Conundrum The West turned unhappy with China’s trade and economic practices before Donald Trump, but it is unclear that his approach to the problem is working. While the trade hit on U.S. agriculture is clear, the American side is generally faring worse from the trade war. China&...
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.