The CBOT opened on a higher note with soybeans finding solid support on technical buying as well as rumors of Chinese purchases of U.S. product. Soymeal and soyoil opened higher as well but worked their way lower through the day, posting losses to start the week. Grains opened firmer but could not find follow-through buying and slowly drifted lower through the session with funds returning as net sellers. The big news of the day was that China booked 4-6 cargoes (240,000+ MT) of soybeans for shipment in July. FOB NOLA offers are increasingly competitive with Brazilian offers as the harvest in South America dwindles and prices firm. WPI’s research suggests FOB NOLA offers have a 10-16 cent/bushel advantage versus FOB Paranagua, Brazil...
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.