GOOD MORNING, Prices are mostly firmer, with beans reaching a one month high overnight and wheat prices turning mixed from higher. Prices are higher on further short-covering on technical strength and hopes that China continues to purchase US beans. As China's economy normalizes, the US Chamber of Commerce called on China to "dramatically" speed up their pace of US goods purchases under the Phase One trade deal. China purchased corn last week along with beans. China has been purchasing pork lately, as meat remains the most interesting part of the trade deal. China needs meat and if they come in to purchase beef, pork and chicken it will be welcomed by the industry. Wheat may continue to...
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.