The CBOT largely reversed the trends of the prior two days as wheat futures pulled back while the soy complex jumped to sharp gains and the corn market saw quiet strength. The soy complex is reacting to growing strength in broader vegoil markets, especially Malaysian palm oil, and that fundamental strength triggered buy-stops and technical trade that accelerated the upside move. Funds were net sellers in wheat for the day and were slight net buyers in corn while buying back some 12,000 contracts of soybeans and 3-4,000 contracts of soymeal and soyoil. U.S. cow-calf producers are currently looking at what could be their most profitable year on record, despite recent pullbacks in feeder cattle futures. The combination of record high cu...
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.