The CBOT was mixed in mostly consolidative trade on Tuesday heading into the February WASDE. The market saw some quiet weakness in corn and CBOT wheat while HRW futures strengthened. The soy complex saw a mix of delivering product values with soyoil rallying sharply with support from palm oil and crude oil while soymeal sold off under liquidation and profit taking pressure. Funds were relatively quiet for the day but were net buyers in wheat futures and net sellers in corn and soybeans. Funds were heavy liquidators in the soymeal market and bought back a large portion of the soyoil they’d recently sold. Fresh news was lacking and pre-report positioning was the main driver of the day’s trade. Outside markets were mixed wit...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.