GOOD MORNING, The markets are lower this morning on profit-taking from current market tops as better rains fall across areas of Brazil. This is a corrective move from the top as the mission of the market is now to define new and higher value trading ranges, except for wheat which is still closer to the bottom of its trading range activity. Current rallies have been sharp, and charts extremely overbought. Cushioning a larger break is continued chatter that China buyers booked as many as a dozen cargoes of corn and beans each this week, which was a part of the recent price rise. Soyoil remains a fan favorite over meal, as crush margins move lower and vegoil global prices move higher. Beans started to sell-off more aro...
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.