On March 4, 1957, the Standard and Poor’s 500 (S&P 500) equities index was unveiled on Wall Street. With an initial market capitalization of $172 billion, the S&P 500 closely monitored the largest companies from the industrial (425), railroad (15), and utility (60) sectors. Over time, the index became a go-to benchmark for U.S. equities… Read more.
This year will go down in U.S. history as one of the most turbulent economic years of all time. Driven by the late-February onset of the coronavirus (COVID-19) pandemic, the U.S. economy saw an unprecedented decline in second-quarter GDP, along with record spikes in unemployment and market volatility. To combat the pending financial apocalypse, the… Read more.
According to the Merriam-Webster dictionary, a cash crop is a “readily salable crop produced or gathered primarily for market.” In layman’s terms, these are growable commodities that are harvested, stored, and marketed instead of being directly consumed. In the U.S., the most common cash crops are corn, cotton, and assorted fruits. Globally, wheat, corn, rice,… Read more.
Listed for public trade on the Chicago Mercantile Exchange (CME), CME corn futures are premier agricultural derivatives products. No matter if it’s planting, growing, or harvest season, CME corn futures provide participants a viable means of addressing market volatility. What Are CME Corn Futures? A corn futures contract is a legally binding agreement that defines… Read more.
When it comes to grain trading, basis is a vital concept to grasp. It denotes the difference between a commodity’s local price and its current price on the futures market: Basis = cash market price – futures market price. For grain producers and speculators, basis plays a major role in whether crops are taken to… Read more.
According to Forbes contributor David Rodeck, a recession is a “significant decline in economic activity that lasts for months or even years.” Formally, a recession is defined as being two or more quarters during which economic activity contracts. Symptoms of a recession include rising unemployment, falling personal incomes, and lagging industrial output. Although recessions are… Read more.
Beef is one of the most sought-after agricultural products. On a global scale, about 134 billion pounds of beef are consumed every year. In 2019, the U.S. alone accounted for approximately 27 billion billion pounds, making it a primary contributor to the $1 trillion annual meat and poultry industry. According to the United Nations Food… Read more.