The CBOT was mixed to start the week with a weekend of dry weather offering support to the corn market and sparking a 10-cent rally in that commodity. Conversely, soybean futures were under pressure from Argentina’s now-confirmed “soy dollar” that is intended to increase farmer selling and soy product exports. That, along with expectations for large U.S. yields this fall, pressured the soy complex amid net fund selling. Wheat futures were lackluster for the day and seemed to give traders little reason to participate in the market. The weekly Export Inspections report was largely neutral the major grain commodities (corn, soybeans, and wheat) but leaned slightly bullish wheat. Wheat inspections were the only one of t...
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.