The Goldman roll has dominated this week’s trading action and pressured May futures in grains. Friday concluded the roll and bull spreading emerged that carried corn and wheat futures sharply higher and helped soybean firm from earlier weakness. Additional saber rattling from Russia about the Black Sea export deal and weather issues support the wheat market’s rally while fresh export sales of corn to China buoyed the feed grain market. The soy complex was on the defensive for most of the day due to weaker product values but late-day strength emerged that helped old crop soybean futures pare their losses. Fresh news was light and the markets seemed to view the end of the fund roll as an opportunity to get back to trading fu...
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.