GOOD MORNING, Prices started the PM session lower with corn prices slowly recovering led by wheat. Harvest proceeds forward as trading volumes are light. China is on holiday this week for Golden Week, which will add to fund control. Egypt announced an October 5 deadline for 30,000 mt of soyoil and 10,000 mt of sunflower oil. Beans continue to lose more vs. corn, trading into five-month lows. Lower bean prices may suggest to the farmer to plant more corn next year. The bean /corn ratio may slowly have the mission now to tick up in favor of corn given the USDA Sep 30 stocks number and better harvest potential for beans. A 250 mln bu bean carry-out is comfortable as is the rising stocks-to-use ratio. ...
What You Need to Know Today: A case of New World Screwworm was detected in Texas, the first in the U.S. since 1966. With cases creeping closer to the U.S. border, it was only a matter of time. APHIS confirmed that larvae were detected in the umbilical area of a 3-week-old calf in Zavala County...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
Key Takeaways: The situation in the Persian Gulf is unchanged with any ceasefire still subject to interruptions from both U.S. and Iranian attacks. The Strait of Hormuz remains effectively closed, though somme vessels are still sneaking out after turning off their AIS. The U.S. fired a H...
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.