GOOD MORNING, The major trend is higher corn against a weaker bean market, but for today some profit-taking is noted in the spread. A surging palm oil market helped to fortify soyoil trade, which may have cycled to a completion low. Traders were back to buying soyoil/selling meal, and a higher soyoil market, plus the inability of the bean market to see downside follow-through from yesterday's break under $9.00 paved the way for today's price action that is slightly firmer. March wheat prices are lower as a higher US dollar and a stall near the $5.75 level triggers profit-taking as charts start to turn sideways. In the big picture, corn could remain well supported on breaks. Exports are improving for cor...
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.