The CBOT ended mixed in two-sided trade on Friday with the lack of significant changes in Thursday’s WASDE leaving the markets somewhat directionless. Wheat futures showed perhaps the greatest strength as the market finished 8-9 cents higher after pushing to new selloff lows, thereby forming a potential reversal on the charts. Corn and soybean futures were mixed but the oilseed market found greater strength due to a demand-induced rally in soymeal. Funds were net sellers of some 8,000 contracts of corn on Friday but bought some 10,000 soybean contracts and 4,500 contracts of wheat. Funds were also net buyers in soyoil as the market tries to form a bottom near technical support and secured some 14,000 contracts today. Moreover,...
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.