World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments USDA's Farm Service Agency (FAS) released its acreage data collected from farm program compliance and crop insurance at 5 AM EDT, in time to catch the last portion of the overnight session. The market was expecting numbers suggesting that USDA's estimates will be lowered in the next WASDE due on 11 October, so grain and soy prices were already higher when the acreage data was released. The FSA numbers did not disappoint. They were widely interpreted to mean that USDA would lower its October estimates of planted and harvested acreage and presumably its production estimates, too.This was enough to carry the price rally over into the day session, but by mid-session the market ran out of steam. Selling, lead by funds, wipe...

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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.

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