GOOD MORNING! Yesterday's price action was higher in beans and corn with the latter finding a bit more hedging as prices regained the upside. Sharply higher soyoil prices led the way in terms of board strength, giving beans a reason to stay well supported, and is certainly the stand-out feature of trade today. Technically speaking, soyoil finally broke-out to the upside of its recent trading range and put in a new trading range high this morning as the last of the soyoil bears exit and new bulls jump aboard. The oilshare story continues to strengthen with soyoil receipts cancelled yesterday, which got the attention of the trade. Buy soyoil/sell meal is now the fan-favorite trade of the day and has been...
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.