GOOD MORNING, Prices continue lower as funds are taking money out of the markets on technical considerations as more bearish formations create a down-turn, but also on macro considerations as pre-election jitters arise. Spreads are breaking down as well. Crude oil drops to $35.36/barrel, driving commodity basket prices lower. Crude has been a consistent barometer of commodity strength or weakness, and today it seems to be creating weight on the indexes in general. Meal prices are lower but suffer the least amount of loss as continued problems in Argentina's crush industry returns business to the US. Argentina's main union for crushing workers staged a strike after a proposed Covid-19 bonus payment...
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.