Today’s trading revolved around the June WASDE report with corn, soybeans and wheat lower before its release as traders anticipated only minor changes to the U.S. balance sheets. Corn moved swiftly higher after the report was issued, however, as USDA surprised the market by drastically cutting its yield forecast. Wheat futures moved into the green as well, while the soy complex could only manage small gains created by spread trading. The fundamentals are stacking up bullish for corn, neutral/bullish wheat and still bearish soybeans. Demand remains a concern for all commodities, but the supply-side worries for corn are the market’s focus right now. U.S. stock markets traded both sides of unchanged today as the effects of dovish...
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.