CBOT futures were muted as traders are largely positioning for the September WASDE report on Friday. Corn showed perhaps the greatest weakness, pushing to new lows while the wheat market posted larger losses but stuck to recent trading ranges. The soy complex was volatile with spread trade and choppy action in soyoil driving the market. Cattle futures were perhaps the most interesting markets as the two-week selloff continued and even accelerated today in heavy volume with funds turning into net shorts. The Biden administration is announcing a plan to lower meat prices that it thinks are caused by concentration in the packing industry. The administration will take $1.4 billion in COVID-19 relief money and funnel it towards small meat...
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.