The CBOT opened in-line with expectations with buy grains/sell oilseeds trade developing early. Some bull spreading developed between soyoil/soymeal as the latter contract held to two-sided trade on Friday. Soybeans found early pressure on continued profit taking after yesterday’s pullback but found afternoon strength and closed 10 cents higher. The big news in commodity markets today was a Reuters report that the Chinese government is expected to issue more import quotas for corn this year. The report cited a surge in animal feed demand and tightening corn supplies as reasons for the additional quotas. China has already booked 12 MMT of corn from the U.S. alone, 5 MMT more than its WTO commitments, and WPI sources say the Midd...
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.