The CBOT was higher again on Monday with grains leading the way. Corn and wheat futures showed pronounced strength while soybeans were mostly along for the ride. Funds were net buyers in corn, soybeans, and wheat while selling soyoil in favor of soymeal. Breaks continue to find strong support from end-users and speculative buyers, suggesting the CBOT rally still has room to run. Speculation is arising that the U.S. could export corn to Brazil, with the Brazilian government dropping the import tariff for non-MERCOSUR countries. WPI is skeptical that significant volumes will be shipped, however, as U.S. elevation capacity is extremely limited for LH October and November positions, meaning any shipments would have to be booked for Decem...
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.