THE OPEN January beans: 1/2 higher December meal: 1.70 higher December soyoil: 31 higher December corn: 3/4 higher December wheat: 4 lower The markets opened with bean and meal prices placing new highs after the open as the inverse steepened, followed by new highs in beans and corn. Funds continue to purchase out of the gate as technical strength continues and setbacks remain shallow. Bull spreads for corn, beans, and meal remain firm as the market calls for more supply to fill export pipelines. Today's higher prices seemed to find increased movement and profit-taking by the noontime hour. Solid bean and corn sales were constructive for this morning's early rally,...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.