The CBOT was weaker overnight with rains for the Corn Belt pressuring the market. The day session, however, saw corn emerge as the upside leader on technical factors and news of severe crop damage following an Iowa windstorm. Corn and the soy complex traded higher and funds are cautiously watching for a reason to jump back on the long side of the market, but wheat futures continue to see selling pressure. Fresh outside news has been light, and the CBOT continues to trade updated weather forecasts and export sales news/rumors. The latest ocean temperature data show conditions in the Pacific Ocean are developing into a La Nina (cooler ocean temperatures across the equatorial Pacific), which would be the second time in as many years. La...
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.