Speculative soybean longs do not appear very worried about tomorrow’s stocks and acreage numbers. However, the history of periodic 1 March corn stock surprises makes that market wary. The popular feeling is that if there is a surprise for corn, it will be a bearish one, and funds were sellers today. General Comments Many commodity markets tried to rally again based on Fed Chairperson Yellen’s dovish comments on monetary policy in a speech yesterday that echoed the same cautious approach conveyed in the Fed’s post-meeting statement two weeks ago. This was despite the more aggressive remarks made by several Fed officials last week. Yellen’s comments sent the U.S. dollar sharply lower, which helped push a number of commodity markets higher...
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...
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.