GOOD MORNING, Prices are higher overnight as funds return as buyers on hot and dry weather conditions and bullish technicals. In the lead are soyoil futures that traded to a new contract high, and once again supports bean trade. Same trade, different day as the soyoil market continues to march higher in a world of its own. Spreads are mixed for corn while bean spreads are slightly firmer. Oilshare is higher again as meal struggles to find chart stability. Movement is slow as prices rally and farmers remain bullish. Basis is steady and world cash markets are steady/firm. There are rumors that China remains interested in Oct. /Nov corn and new crop beans. Crushers are r...
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.