Argentina’s Corn and Wheat Market Update The central and southern regions of Argentina’s agricultural area have received abundant rainfall in recent weeks, improving water conditions for crops and replenishing soil moisture throughout the profile. As a result, except for the northern provinces — which contribute little to total production — most of the agricultural region has soil moistures at full capacity in its arable layer (the top centimeters of soil). However, in terms of overall soil moisture availability, additional rain is still needed in the north and the far south of Buenos Aires province. Last week’s rains were intense, with isolated cases of hail, flooding, and crop lodging. Forecasts for the next...
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...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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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.