The CBOT bounced higher heading into the long, holiday weekend, but trading volume was anemic as many traders apparently decided to head home for a four-day weekend. Corn, wheat, and the soy complex all traded higher for the day but did little to change their major chart directions. Funds were cautious net buyers but were mostly adjusting positions ahead of the long weekend. Note that when trading resumes Monday night, there will be four full trading days before USDA issues its September WASDE report, so pre-report positioning will likely dominate next week’s trade. Brokerage StoneX released its latest customer survey of the U.S.2022 corn and soybean production. The firm lowered its assessment of the U.S. corn yield to 173.2 BP...
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.