GOOD MORNING, Inter-market spread activity continues. Buy soyoil/sell meal and unwinding of recent buy wheat/sell corn are in play. Soyoil futures continue firmer against meal. Firmer world cash values and a sharply higher palm oil market support soyoil. Corn heads lower against a firmer wheat market, though that spread has flipped this morning. Pricing in corn and some bargain hunters are supporting corn futures this morning. Traders continue to look to see if China will purchase corn as they are almost sold out of their state reserves, according to the National Grain Trade Centre. In the meantime, ideal weather and weaker technical price action finds corn new contract lows.&nb...
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.