The CBOT was mostly red to start the week with energy and outside markets pressuring futures. Corn, wheat, and soybeans all stuck to their recent trading ranges, however, and meaningful, new technical developments were few on Monday. Chinese soybean crushing margins are improving with stronger Dalian soymeal and soyoil prices, which is helping bolster demand for U.S. product. Through December or even mid-January, the U.S. PNW and Gulf are the cheapest origins for soybeans, which should push additional demand to the U.S. Soyoil futures were sharply lower to start the week, which will be a headwind for soybeans if the trend continues. Funds were modest net sellers for the day and the Goldman roll from September futures forward continue...
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.