The CBOT was solely focused on the March WASDE report today and USDA gave the market little to trade on. Heading into the report, corn was experiencing minor liquidation while wheat futures bounced higher on short covering. Soyoil continues to be the star performer of the soy complex, rising to new highs seemingly every day. Markets were mostly quiet following the USDA’s report with the soy complex and wheat ending higher while corn posted modest losses. The CBOT is seemingly unwilling to selloff too much with the Brazilian and Argentine second corn crops under duress from drought/late planting and Chinese grain/oilseed demand at record levels. USDA left its U.S. corn, wheat, and soybeans balance sheets unchanged in the March W...
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.