GOOD MORNING, Prices this morning are steady/higher, with the stock market and commodities in the green. The grains/soy complex is like the macro markets today - it is risk-on after China made more moves lowering tariffs in front of the Phase One signing next month. The markets still remain in trading ranges with more position-evening by funds as a major feature of trade. The commitment-of-traders report was as expected with large short-covering activity for both beans and corn, while increasing the net long in soyoil. Commitment-of-trader's (COT) report as of December 17, disaggregated futures/options combined managed money: Beans: net short 79,275 Meal: net short 31,345 Soyoil: n...
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.