The CBOT was mostly lower in two-sided trade with the soy complexed leading the way lower. Soymeal fell to a three-month low as charts and technical conditions continue to deteriorate, and that helped pull soybeans lower too. The corn and wheat markets failed to find much support from Monday’s Crop Progress/Conditions report, despite worsening wheat conditions and delays planting the spring crops. The lack of reaction to USDA’s report yesterday suggests the market has already priced in these effects and it may take another week or two of significant planting delays and persistently low wheat ratings to spark another rally in futures. Outside markets were mixed with investors surprisingly adding to long equity positions ah...
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.