There may be fireworks over New York harbor tonight, but there weren’t any at the CBOT today. The market remains torn between slow U.S. exports, possible increases in Chinese demand, good South American weather, and rising wheat/vegoil prices around the world. Today’s trade opened with additional profit taking in energy markets working against soyoil and end-of-year adjustments to other commodity futures positions leaving the CBOT mostly flat. The CBOT will be closed tomorrow for the New Year’s holiday and will resume trading on 2 January 2020. Perhaps the biggest news item of the day was one that left no discernable impact at the CBOT. This morning, news broke that President Trump and Chinese officials (likely Vice...
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.