GOOD MORNING, The rising soy complex on Thursday was led by meal, which rebounded on technical consideration and news that Argentina's largest meal exporter, Vicentin, was in financial distress and having payment restructuring issues. This company is Argentina's number one exporter of soybean products and therefore, any loss in that location favors a gain in another, in this case the US. The rally in meal set in motion a sharp sell-off in oilshare, as oil bulls liquidated against rising meal prices. Traders seemed to be caught off guard, with estimated positions still showing the futures / options funds short 40K meal vs. a 60K long in soyoil. Bean rallies are typically off the back of meal shortages, w...
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.