The WASDE’s bearish implications continued to push CBOT futures lower on Friday with funds finding little reason to abandon short positions in corn and wheat. The soybean market saw some gains to end the week, however, traders thought Thursday’s 20-cent, post-WASDE selloff, like many Thanksgiving turkeys, was a little overdone. Soyoil futures found some support as well due to higher RINs prices, but expectations of continued strength in either market are few and far between. The cattle markets stopped their bleeding at least for the day and ended slightly higher, which is of little comfort to longs or unhedged producers who watched Thursday’s market collapse. With the WASDE come and gone and the U.S. harvest nearly...
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.