Overnight trading volume improved, but price movement was limited. Corn and wheat were lower, while soybeans firmed by a few cents ahead of the trading recess. Yesterday’s changes in open interest showed increases of 22,141 contracts of corn, 16,889 soybean contracts and 7,789 contracts of Chicago wheat. These appear to reflect new short selling by funds, which are amassing major short positions pretty much across the board. They remain long soyoil but are expanding short positions in everything else. We should note that these short positions are the opposite of seasonal trends that have grain and soy markets making gains during March. Losses for corn and wheat futures accelerated during the day session with both Chicago and KC May o...
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.