CBOT futures were mostly lower on Wednesday with a more favorable U.S. weather forecast once again taking away the need for a weather/yield premium in prices. Wheat futures pushed to new highs only to find a stack of profit-taking and position liquidation sell orders that pushed markets to a much weaker close. Soybeans and soymeal found support from a weaker soyoil market with traders exiting soyoil and reversing long soyoil/short soybeans or meal spreads. Corn was mostly along for the ride this afternoon with pressure coming from pre-WASDE position-evening and the improved U.S. weather forecast. Both the GFS Ensemble and the EU weather models are calling for more moderate temperatures across the U.S. this week with above-average rai...
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.