The CBOT ended sharply higher on Wednesday with corn and wheat leading the way. Higher energy values helped soyoil futures score new contract highs, despite the recent pullback in European sunoil and rapeseed oil values. Wednesday was the last day of the Goldman and index fund rolls, which means spreads will again return to being more reflective of commercial supply/demand expectations. Some profit taking also developed on Wednesday as traders pare risk heading into the long holiday weekend. Note that the CBOT/CME markets will be closed on Friday, 15 April in observance of the Good Friday holiday. Funds were net sellers of soybeans for the day with brokers estimating they liquidated some 4,000 contracts of their long position. Manage...
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.