GOOD MORNING, The markets are mixed this morning as wheat is sharply higher against lower prices elsewhere on the board. Wheat prices are higher with Russian announcing they would strictly limit wheat exports in Q2 2020, with exports possibly stopping as soon as mid-May. Adding some concerns to supply, Russia's IKAR lowered wheat production from 77.2 mmt from 79.2 mmt due to dry weather conditions. IN lieu of this, Russia's supply could be tighter, restricting them from participating in tenders which makes the US more competitive. Crude oil prices are down $7.00 to $11.04/barrel, the lowest level since 1999, which is impacting the energy related markets corn and soyoil, both of which are lower.&nb...
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.