The Market The most influential event of the week was USDA’s release of its January WASDE, plus stocks reports. The soy complex was trading in the green ahead of USDA’s release time, but just barely. March soybeans were up by a modest 4-cents. But the agency’s adjustments in the January WASDE reflected a larger drop in supply than expected. That sent beans to a double-digit gain and soyoil gained. Notably, the market responded by sending March soymeal to a new intrasession contract high of 484.4/ST. Soymeal has received a lot of support and usually rallies into March or April, but it may be nearing some resistance points. As to be expected, there was some profit-taking after Thursday’s gains, but for the week...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.