The Market CBOT December soymeal hit a new contract high today at 448.4 and with a gain of $12.19 at the close, the value is 442.4/ST, a 4.3 percent gain for the week. It now meets the highs seen last March. Soybeans and soyoil no doubt benefited from soymeal’s pull this week and both had gains on Friday, but not enough to prevent a loss of value for the week. November soybeans traded over the iconic $13 level today and on high volume it added 17.75 cents. But ending the week at 1297/bushel meant a loss of 0.4 percent. Similarly, December soyoil gained 0.53 cents on Friday to end the week at 52.27 cents/pound, a 2 percent loss on the week. Improved weather conditions in South America were a major market driver this week. It pu...
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.