GOOD MORNING, Bean prices are leading the way higher this morning on headlines that China is offering to boost agricultural purchases in an effort to gain a deal between the US/China. The snow-storm arriving this week is also supportive. USDA report is out tomorrow. The tone was set last week with reversal trade higher from lower post the stocks report, which was bullish beans and corn. Funds have been lightening up on short positions ever since, including the purchase of 30K corn contracts yesterday, bringing them down to an estimated 100K short. The one bullish event that could trigger higher trade is now in front of us, namely a hard freeze that puts an end to the growing season. That ev...
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.