GOOD MORNING, The markets begin higher across the board this morning on the news that cancellation of US farm visits did not correlate with the stoppage of US / China negotiations. Han Jun, deputy director of leading Chinese rural working groups, described last week's talks as constructive and could pave the way for October meetings. He also stated that China is willing to expand agricultural trade between the two countries. News headlines, both positive and negative, are bringing more definition to the current sideways trading ranges. For the day, the more positive rhetoric and perhaps more bean purchases brings an adjustment to the previous buy grains/sell soy spread trade. REPORTS Price...
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.