The CBOT was mostly lower in consolidation and profit-taking trade with wheat futures leading the way in weakening technical trade. Fresh news was light amid solid harvest progress for U.S. corn and soybeans and continued progress planting the winter wheat crop. Funds were largely flat for the day but did liquidate some length in wheat and, to a lesser extent, corn and soybeans. After several days as the sell-leg of soy spreads, soyoil rallied on Tuesday with help from palm oil futures. U.S. consumer spending rose 1.7 percent in October and was up 16.8 percent from October 2020, as consumers did not shy away from retail outlets amid rising inflation. Continued progress against the COVID-19 pandemic and rising wages helped boost spend...
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.