Grain and soy futures prices have been relatively quiet and range-bound lately with the exception of soyoil. Soyoil futures were trading slightly lower yesterday, but this follows six straight higher closes in pursuit of palm oil amid the buoyant outlook for edible oil. The spot August soyoil contract added about 200 points during this rally. Traders usually look for an early to mid-summer seasonal rally in the corn market in response to some sort of crop scare, but we fear that rather quietly and quickly, this seasonal rally has come and gone. December Corn hit its recent low of $3.235 on 29 June, and it hit a high of $3.63 on 2 July, a swing of almost $0.40 in just three trading days. That is a pretty high level of acti...
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.