World Perspectives
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A Tricky Quarterly Stocks Report This Friday

USDA will release its 1 September quarterly stocks report this Friday. These quarterly stocks reports have been very tricky to interpret recently, especially the corn numbers. There have been inexplicable periods of larger-than-expected disappearance followed by inexplicable periods of smaller-than-expected disappearance. Friday's quarterly stocks report offers every opportunity for more "tricks" for several reasons.

The corn harvest was the farthest advanced in August it has ever been. Based on harvest progress during the last week of August, it is possible that as much as 500-750 million bushels of 2012 crop corn was harvested prior to the 1 September report date. The soybean harvest was also advanced, but not to the extent of the...

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Black Sea Regional Analysis

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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.

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