GOOD MORNING, Prices are mixed this morning with a larger break in wheat, and a bounce in meal as traders unwind previous buy soyoil/sell meal spread trade. The Goldman Roll concluded yesterday with over 113,000 May/July corn spreads traded on the final day, a large amount of spread that accounted for nearly 66% of May contract volume. Wheat trades are lower as yesterday's Egyptian tender was awarded to Russia since US prices are at least $20 too high over the competition. Wheat ratings remain stable, with the crop off to a very good start. For now, the technical picture for wheat has turned neutral to bearish and indicates that a larger break could be coming. Meal prices bounce off their lows wit...
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.