GOOD MORNING, Prices this morning are firmer with gains in the soy complex but grains treading water. The nearby corn spreads have moved out to a carry, with the Dec/March trading to new lows as cash is weaker. Wheat futures are in a trading range but showing some empathy for the downside. By contrast, the bean market seems to be stabilizing grains, with prices moving back towards recent highs. Soyoil futures are higher after a strong palm oil performance. The November USDA report will be released on the 10th, and ahead of the numbers come the flow of estimates: Markit group forecasts 2020 corn production at 14.502 bln bu, with yield at 175.7 bpa. They forecast bean production at 4.183 bln vs. US...
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.