THE OPEN July beans: 12 higher July meal: 1.40 higher July soyoil: 50 higher July corn: 5 higher July wheat: 5 higher The markets opened higher with prices responding more to technical support and resistance levels, with more open short-covering in corn, and a continuation of higher oilshare. Beans opened higher, but buyers were not chasing a rally given the push to contract lows this week. Still, shorts were put on notice after it was reported in news wires that China could be preparing to purchase an estimated 10 mmt of beans, 20 mmt of corn, 2 mmt of soyoil, and 1 mmt of cotton in an effort to shore up its reserves. Market strength was met with some skepticism, as traders were not wil...
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.