The start of the new month saw funds return to the CBOT as net buyers, chasing corn and wheat higher during today’s rally. Funds were aggressive buyers on the rally, securing some 25,000 contracts of corn, 20,000 contracts of wheat and adding some 7,000 contracts to their soybean longs. The day saw significant technical trade with buy-stops triggered early in the trading session that fueled additional upside rallies. WPI sees the market as likely to pullback this week as fund buying likely subsides ahead of next week’s USDA report and as private firms issue their outlooks and estimates for the November WASDE. U.S. farmers are not selling new crop corn or soybeans in any significant volume as recent rains have stalled harv...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.