GOOD MORNING, Prices in the night session started off the evening on a mixed note, mostly defensive, but losses accelerated in the last hour of trade. Palm oil prices were lower overnight, pricing in weaker Malaysia export data for August which weighed on soyoil futures once again. ASF concerns remain in place for China, impacting meal prices. Corn is on the defensive with funds probably selling another 10K yesterday, bringing them close to 25K on the week so far. Fund position dominated trade heading into the last day of the month. Overall trade remains thin with users pricing on breaks, farmers overhead, and funds liquidating longs. A fresh month brings another WASDE report on Sep. 10.&nbs...
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.