The CBOT waivered on Wednesday with weakness continuing from Tuesday’s trade early in the day. Wheat futures weighed on other markets as better chances for rain in the southern Plains pushed wheat lower. The soy complex was the star of the day with soyoil scoring new contract highs, which, in turn, supported gains in soybeans as well. After a quick drop lower early in the session, corn gradually firmed and traded higher. Old crop/new crop spreads continue to firm in a sign of bullish commercial demand. Funds were net buyers of some 4,000 contracts of soyoil and 3,000 contracts of soymeal, but were sellers of corn, wheat, and soybeans. Funds are thought to have liquidated 9,000 contracts of corn, 6,000 contracts of wheat, and 10...
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.