The CBOT rallied to start the week with wheat posting 55+ cent gains to lead the way. The catalyst for the day’s rally was Russia’s renewed and aggressive shelling of Ukrainian cities, including the capitol of Kyiv. The aggression is casting serious doubts on the already shaky potential for a renewed export corridor agreement that could shift additional world wheat demand to the U.S., Canada, and Europe. Also contributing to the day’s bullishness were expectations for an October WASDE that will likely see cuts to the U.S. and European corn crops. Basis levels in the Midwest remain highly mixed as low water levels in the Mississippi River restrict barge traffic. Early Monday, however, the U.S. Coast Guard announced t...
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.