THE OPEN November beans: 1 higher December meal: .40 lower December soyoil: 21 higher December corn: 1 1/2 lower December wheat: 3 higher The markets opened as called with profit-taking in oilshare a key feature of trade. Prices quickly set a new trading range high in beans in cautious trade. Wheat prices bounced back as well. Buy bean/sell corn trade was a fan favorite trade. The continuing sales announcements of beans to China helped the market to retain a firm tone, though Trump said in a speech yesterday that he called off the virtual meeting stating that he did not want to speak with China. Regardless, momentum traders are choosing to buy weakness that the comments may bring,...
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.