Wheat The old crop wheat market remained quiet last week. On the sell-side, the government’s allowed export quota seems to be practically committed and is preventing additional sales. The little volume available is in the hands of some of the ABCDs that will most likely end up selling it directly at destination (i.e., Brazil). The only offer available this week was 11.5 protein out of Bahia Blanca at $385/MT, but that price has not elicited any reaction from the market. The wheat supply and demand situation in Argentina is very tight and local mills are finding it hard to get wheat. Obtaining high quality wheat is even more difficult, and therefore WPI does not expect any increase in the old crop wheat export quota. As...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.