The CBOT saw widespread two-sided trade on Tuesday with overnight gains fading quickly after the morning session opened. Markets eventually found a bid near mid-day, however, and corn, soybeans, and Chicago wheat all settled higher for the day. Funds were slight net buyers in those three commodities as world fundamentals continue to tilt to the bullish side. KCBT wheat was lower on the reversal of old long KC/short Chicago spreads with spring wheat also finding some pressure under better weather forecasts. There was little fresh news for the day and traders remain focused on exports, the 2023 Northern Hemisphere planting outlook, and the political outlook for the Black Sea grain export corridor. The major concern for the U.S. spring...
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.