Corn couldn’t participate in the soybean rally even when the soy complex was super strong overnight.. Markets opened lower and traded with sharp early losses before soybeans again turned higher. General Comments The markets had another raucous trading session last evening with soybeans up as much as 24-25 cents at one point and corn and wheat futures trading a very far distance behind. By this morning’s close, soybeans were up 10-12 with corn and wheat slightly lower. Markets opened lower and traded with sharp early losses before soybeans again turned higher. Wheat and corn futures couldn’t get back to higher levels and actually collapsed at the close. Soybeans did finish higher in the old crop months and lower in the new crop months.Week...
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.