GOOD MORNING, Overnight prices were once again higher on technical follow-through to the upside of new contract highs. Wheat and meal remain the exception as they continue to move in a large sideways chop. New money continues to pour into the market on adverse weather and market hype of tight supplies. Overseas markets are higher as traders return from holiday. Adding to the bulls is chatter that Chinese corn and wheat stock deficits could be even larger than the numbers reflect. Possible changes in the May 12 USDA WASDE include higher Chinese imports, smaller Brazilian crop, and larger US exports. Suppose the best question is the amount of fund money getting the market ahead of itself. The m...
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.