The CBOT started the week on a weaker note with funds taking a more defensive position after last week’s selloff. Nearly all CBOT contracts were lower overnight but soyoil turned higher after the morning’s open and helped soybeans firm by midday too. The market saw short covering as prices neared technical support levels and end-users emerged as bargain hunters. There is a feeling the CBOT should find support soon and enter range-bound trading, but there are few signs of that so far. End-users were aggressive buyers on the morning break as world grain balance sheets remain tight and the market increasingly focused on the odds of a seasonal summer weather market. With Northern Hemisphere spring crops nearly entirely plante...
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.