Low volume trade left CBOT grain markets to trade lower with little to encourage buyers to make purchases, despite prices being near contract lows. Improving/favorable weather forecasts for the U.S. and the Black Sea regions sparked modest selling in the grain complex. Livestock markets, on the other hand, traded sharply higher and to limit gains this afternoon as packers slowly reopen facilities. Deliveries against May futures remain very light overall, with no deliveries for corn, wheat, or soybeans today (and none for the month for soybeans and wheat). Soyoil deliveries have been the exception with 2,800 delivered so far. WPI’s research suggests the cash basis for soyoil is 41 cents/cwt right now, which is apt to encourage further...
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.