The CBOT was mixed in light volume at mid-week with traders finding little inspiration for bullish or bearish trades. Wheat futures turned higher overnight after the KCBT contract scored new contract lows to end October and new money entering the market to start November was likely responsible for the day’s gains. Corn futures, on the other hand, turned lower on better than expected yield reports from the Midwest. Still, funds remained dedicated net sellers. The soy complex was mixed as soybeans and soymeal pushed a little higher but maintained mostly sideways trade while soyoil collapsed lower despite bullish demand developments. Markets continue to primarily watch the U.S. weather for its implications on 2023 harvest p...
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.