Bears tried to push the soy complex and corn lower in Tuesday’s early trade as they hoped for a correction following Monday’s rally. That was not to be, however, as the soy complex found strong buying interest from ongoing soymeal demand and sharp gains in Malaysian palm oil that pulled soyoil higher too. Corn futures benefitted from soybeans’ rally and though gains were limited, the higher close bodes well for Monday’s lows likely forming the seasonal lows. Macroeconomic markets also supported CBOT trade as better-than-expected inflation reading pushed the U.S. dollar lower and offered a more positive economic backdrop for commodity demand. Funds were net buyers across the soy complex and corn but returned to sellin...
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.