Markets were lower again in the Sunday night session as well as throughout today. Corn and soybeans were still suffering a hangover from the Pro Farmer tour’s big estimates. Funds remain long Chicago wheat futures and have gotten crushed, and they continued to exit long positions today. USDA also announced the soybean, wheat and corn payments that are part of the aid package for farmers affected by the price damage caused by the China trade problem. They matched the levels rumored last week of $1.65/bushel for soybeans, $0.14/bushel for wheat and just $0.01/bushel for corn. It will cost more than a penny a bushel to issue the corn checks. These payments are on 50 percent of a farmer’s 2018 production, and a second payment may b...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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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.