The CBOT ended the week on a quiet note with most of the volume in grains related to rolling September positions forward ahead of first notice day on Tuesday and Friday’s September options expiry. Fed Chairman Powell’s Jackson Hole comments sent the dollar lower, which supported some CBOT trade. Funds were net sellers for the day, liquidating some 7,000 contracts of corn, 14,000 contracts of soybeans, and 6,000 wheat contracts. The market is watching the coming week’s weather carefully, which will include hurricane-driven rains for the Delta and Ohio River Valley while another storm system pushes across the northern Plains and Corn Belt. Only the southern Plains, PNW, and California remain dry this week. Corn and so...
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.