World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Mostly Higher; WPI 2020 Corn, Soybean Forecasts

The CBOT opened on a mixed note with early selling pressure developing in the soy complex. By the afternoon, however, continued demand corn and soybeans pushed those markets higher while wheat futures were lower. Wheat was pressured by higher Australian production estimates as well as bear spreading from the corn market. Some profit taking was noted early in the day, but funds continued to extend their newfound length in corn and soybeans. WPI looks for the CBOT to turn sideways heading into Friday’s WASDE report. Many of the technical upside targets have been achieved and most ag markets are starting to turn overbought. The market has priced in a significant decline in the U.S. corn and soybean crops, as well as the strong demand pa...

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feed-grains soy-oilseeds wheat

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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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