The CBOT was mixed with varied news items creating conflicting price action. Dryness across central Brazil is dominant for the coming week but features more rain thereafter, and the rains are becoming more crucial with each passing day. Brazilian farmers are aggressively planting to get the soybean crop in the ground. Ukrainian corn yields are falling as the harvest advances, but Russian yields are above expectations. The net effect is still that the Black Sea will have a lot (i.e., near-record) large corn production to ship internationally this year. This afternoon’s CFTC report showed that funds continue to build their long soybean and soyoil positions while selling into the corn market. Notably, funds bought 25,000 contracts...
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.