GOOD MORNING, If the rains washed away gains over the last several weeks, a bit of hot and dry is now turning prices higher. In the meantime, the Commitment-of-Traders report showed that long positions were not only lightened up, but that funds were also net short wheat. Wheat is higher on concerns that world production could fall due to lower supplies from the US, Canada, and Russia. Forecasts for Canadian spring wheat and canola are expected to be cut in the coming weeks as the weather remains adverse. Black Sea export prices, (Russia and Ukraine), have been on the rise. Soyoil futures are lower with crude oil prices dipping on the back of a resurgence of the virus and therefore concerns for eco...
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.