THE OPEN July beans: 5 3/4 lower July meal: 1.00 lower July soyoil: 31 lower July corn: 3 1/2 lower July wheat: 18 higher The markets opened as called with an emotionally charged wheat market heading sharply higher as supply concerns in Russia suggest possible business could return to the US. Traders may have been looking for an opening pullback to buy due to chart strength but did not get that chance. Matif wheat gapped to a 14-month high, which found US markets following along in sympathy trade. Sharply higher wheat prices serve to stabilize other charts at the beginning of the day, but lower prices elsewhere pulled wheat prices off its highs. Crude oil remains the bearish component t...
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.