After sharp rallies Monday and Tuesday, traders booked CBOT profits on Wednesday heading into Thursday’s Goldman roll and CONAB report and the USDA April WASDE on Friday. Trading volume was light but, for the day, funds were net sellers and bear spreaders. Brokers estimate funds sold 5,000 contracts of wheat, 8,000 contracts of corn, and 6,000 contracts of soybeans. South American weather trends are turning against the development of Argentina’s late-planted corn and Brazil’s safrinha corn crop. Temperatures this week will be hot across basically everything south of Mato Grosso, except Uruguay and Rio Grande do Sul, while central and northern Brazil remain drier than normal. The 6-10-day outlook features cooler temp...
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.