The CBOT fell modestly in overnight trading with soybeans and soymeal leading the way. Corn and wheat followed the soy complex lower to losses of a few pennies. The day session saw grains and oilseeds quickly come under pressure and again succumb to moderate losses. Some analysts placed the blame on a poor world economic growth outlook that was suppressing commodity demand (or investor demand for commodity derivatives). Others reported that weaker world wheat prices as harvests advance pressured wheat futures and that spillover selling pushed corn and the soy complex into the red. Long profit taking was notable today as funds still hold a modest long in corn futures. China’s ag ministry reported a 25 percent decline in the nation&rs...
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.