Technical pressure, end-of-month positioning, lack of export sales, good Midwest weather, and damage/lack of electricity to Gulf export facilities all combined to pressure the CBOT on Tuesday. After yesterday’s weak close, markets were on the defensive overnight and soyoil saw the most pressure. End-users did extend coverage yesterday but were not as aggressive as some expected. The fact USDA did not announce any new export sales this morning also shows that international buyers are adopting a patient strategy and that values may have to fall further to attract demand. Flooding and power outages are slowing the U.S. Gulf Coast’s recovery from Hurricane Ida with some analysts saying it will take two weeks or longer to full...
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.