GOOD MORNING, Funds headed for the exits as charts started to build in resistance leading to selling yesterday, triggering sell-stops. Funds sold 16,000 wheat, 45,000 corn, 30,000 beans, 12,500 meal, and 5000 soyoil. This is the kind of selling that often does lead to a market top, since these are significant totals, but technicals have to match fundamentals. It is particularly interesting as strong domestic demand will keep ending stocks of corn and beans near seven-year lows. In order to meet the higher production estimates of 21/22, the US has to have an ideal growing season. Looking at maps with the western Corn Belt extremely dry, tough to imagine that we are going to get all we need. Prices...
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.