The overnight session continued the recent trend of low trading volume and narrow, mixed price movement. This occurred as traders await developments from next week’s high level trade negotiations in Beijing as well as the 29 March quarterly stocks and initial acreage reports from USDA. Action during the day session started out slowly but began to pick up some during the latter half. The corn market seemed to be the catalyst as it climbed as much as 6 cents late in the session before closing with the May contract up 4.75 cents at $3.7625. Soybeans followed, closing up more than 4 cents, and almost all soymeal contracts gained $3.70. However, soyoil finished in the red. The wheat markets all finished higher except for the MGEX May cont...
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.