The CBOT opened higher as called with soyoil and soybeans trading to new highs. Wheat prices continued to firm as charts remain supportive and unconfirmed rumors of Chinese HRW purchases continue to circulate. Immediately after the open, corn futures sold off to near their overnight lows as the weather forecast now offers better precipitation for the coming week. Buying interest emerged just as quickly, however, and kept the market steady for most of the day. Hurricane Laura is now classified as a Category 4 storm as it approaches the Texas and Louisiana coasts. Weather forecasters are warning of “unsurvivable” flooding and major wind damage. WPI is told that farmers in the area are scrambling to harvest what corn is ready ahea...
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.