The CBOT came back from its three-day holiday to find soyoil crashing lower under technical selling and position liquidation. The day’s soymeal trade had the feeling of a market ‘bubble” starting to pop and traders were aggressively getting out of positions. Gains in soyoil and higher crude oil markets, however, kept soybeans from posting more significant losses, though the soy complex declined to join a late-day rally in wheat and corn. Wheat and corn futures settled higher – and wheat with near-30 cent gains – as the conflict on the Russia/Ukraine border increased further over the weekend. Notably, corn and wheat futures rallied sharply about six minutes before the afternoon’s closing bell, with both ma...
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.