The CBOT was lower on Wednesday, but it wasn’t because of a favorable shift in the U.S. weather. Rather, it was – or at least it seemed to WPI – that technical trading and weak chart conditions kept funds in a selling mood. The managed money activity pushed corn, the soy complex, and most wheat futures lower, despite the fact that the U.S. weather is hot and dry until further notice. As has been frequently noted by WPI and others, the current weather trends are a major challenge for corn and soybean kernel/pod filling with yield potential declining each day the crop stress lasts. But for now, corn and wheat futures seem to be committed to bearish price action with U.S. stocks looking ample while the soybean rally seems to...
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.