SPREADS Today is day 5 of the Goldman Roll. July corn, meal, soyoil, wheat and bean futures now have higher open interest than in May contracts, as futures are rolled forward. July corn open interest now stands as the highest at 606,557, (May corn at 425,396 contracts). July bean open interest is at 285,144 contracts, vs. May at 210,310 and Nov at 220,957. July products and wheat open interest now also carry most contracts. July crush trades. to 54.94c/bu while oilshare trades to 39.10%. July/Nov bean inverse weakens to 1.32c from 1.34 3/4c, with May/July trading from 4 3/4c up to 7c. July/Dec corn inverse trades from 58 1/4c to 65 3/4c, while May/July firms to 14 1/4c from 13 1/2c. May/Jul...
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.
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