Bulls won the day Wednesday as the CBOT was higher across the board. The soy complex led the way higher on strong export news and soybeans posted a technical breakout, which triggered buy-stops and fund buying. Wheat futures were stronger with the Chicago market posting new contract highs before ending near the mid-point of the daily range (which suggests strength may be waning). Corn futures were mostly pulled higher in sympathy trade, though December futures briefly traded above long-term resistance. Outside markets were mostly lower for the day with U.S. stocks falling despite strong earnings reports from several retailers. Yesterday’s rally pulled major indexes back near all-time highs, and investors took that opportunity t...
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.