GOOD MORNING, It's a new month but the market is under pressure again as the weather remains mostly benign with the lack of any freeze event, and just enough rain to keep crops headed in the right direction. Funds remain in control of the markets and are net short across the board. Rallies continue to be sold under negative ideas as crops head towards the finish line. COMMITMENT OF TRADERS The Commitment-of-Trader's report disaggregated futures / options combined managed money (COT) beans: net short 76,047 meal: net short 35,017 soyoil: net short 15,523 corn: net short 94,137 wheat: net short 3,056 The net short in corn was larger than expected, which makes it more vulnerable 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.