According to the OCED (Organization for Economic Co-operation and Economic Development) none of the world's major economies will escape a slowdown, highlighting increasing signs that growth momentum is dwindling across the board. Economic momentum in the United States eased only slightly, according to the OECD's indicator, which fell to 101.2 from 101.5.The Chinese economy also showed only marginally weaker activity with a reading of 99.8, down from 99.9. Among other emerging market economies, Brazil's CLI fell to 94.0 from 95.1 while India's reading decreased to 93.8 from 94.4.
A pair of University of Illinois economist released a study that says the recent actions to fix convergence in the CBOT Wheat contract aren’t working. The study titled “ Futures Market Failure” states that Wheat consistently remains more profitable to store than deliver. They noted similar problems in a five year period with Corn and Soybean.
Any thoughts?
Frank Borszcz Farms.com Risk Management
A pair of University of Illinois economist released a study that says the recent actions to fix convergence in the CBOT Wheat contract aren’t working. The study titled “ Futures Market Failure” states that Wheat consistently remains more profitable to store than deliver. They noted similar problems in a five year period with Corn and Soybean.
Any thoughts?
Frank Borszcz Farms.com Risk Management