The CBOT opened on a defensive note Tuesday with generally favorable/steady crop conditions ratings for key corn/soy producing states reducing the need for a weather premium. Corn and soybeans walked back to test key support points, which is often typical after a sharp rally. The wheat market posted small gains as both SRW and HRW try to stabilize near recent lows. Funds were net sellers in soybeans while remaining neutral corn/wheat for the day. Fundamental news remains light and USDA did not report any new daily export sales. France’s Ag Ministry cut the country’s wheat production forecast to 31.3 MMT, which would be a decade low. The U.N. projected 2020 global per-capita meat consumption will fall 3 percent due to the...
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.