The CBOT traded a notable day with weak overnight trade pushing corn, wheat, and the soy complex sharply lower. As is the hallmark of bull markets, however, the selloff attracted end-users and the markets strengthened through the day session. The major CBOT markets finished with significant gains and corn continues to trade near its contract highs. Funds emerged as net buyers especially heading into the close and end-users continue to price physical needs as well. WPI sources say China continues to show interest in U.S. corn on breaks in the market and that February soybean exports from Brazil are being washed out for U.S. shipments. Cash prices and basis across the U.S. remain firm or are trending higher and CIF values are sharply h...
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.