News of a 1+ MMT sale of corn to China ahead of this week’s U.S.-China meeting in Alaska sparked a minor rally in CBOT corn on Tuesday. Soybeans reluctantly followed suit though lacking conviction as the advancing Brazilian harvest is pressuring the U.S. export outlook. Wheat futures crashed early but rebounded to slight gains by the day’s end. Overall, the day’s trade confirmed the continuation of range-bound trading patterns heading into USDA’s March planting report. Funds are thought to have bought some 10,000 contracts of corn today along with 4,000 contracts of soybeans while remaining mostly flat wheat. Funds likely sold 5,000 contracts of soyoil and did little in the soymeal market. So far, the CBOT&rsq...
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.