Markets opened with Friday’s CFTC report driving much of the trade. The report showed funds long wheat, which led to liquidation trade today. Soybeans and soymeal were higher on further short covering while soyoil was under pressure from spread trade, weaker crude oil and energies, and palm oil’s turn lower overnight. Corn traded both sides of unchanged but spent most of the day in the red with limited follow-through buying after Friday’s strong close. Spreads were mostly dominated by the index fund roll, which will last through Thursday. The export inspections report was modestly supportive for corn with a 37 percent weekly increase in shipment volumes, but the 11.4 MMT YTD export total remains a headwind. Soybean...
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.