Corn was under some selling pressure all day, and trading volume was above average. Another very strong day for the U.S. dollar also helped preserve the bearish attitude in wheat, which did manage a mini-rally into the close. General Comments Markets were again quiet overnight. Their general attitude remains decidedly bearish. This week’s USDA Outlook Forum projections did nothing to change that perception even though there were no significant surprises from what the trade was expecting. The marketplace is resigned to the fact that prices will remain bearish unless crop production is impacted by weather. The time when that can happen is still several months away, so there’s no reason to be in a rush to buy anything today.Outside markets s...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.