THE OPEN Nov beans: 3 lower Dec meal: 1.10 lower Dec soyoil: 1 higher Dec corn: 3 lower Dec wheat: 3 3/4 lower The markets started the day mixed but soyoil prices turned to the upside, triggering buy-stops and moving into new trading range highs for the move upward making it a key feature of the morning. A Sep. NOPA report, which was expected to show tighter oil stocks, held the key towards the morning rally. Spread trade included buy beans/sell corn and buy corn/sell wheat. At 10:00 export inspections were released as follows: Beans: 954,881 mt vs. 1,041,582 mt week ago (and vs. an expected 1.0 mt) Corn: 470,612 mt vs. 473,409 mt week ago (and vs...
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.