THE OPEN March beans: 2 lower March meal: 1.30 lower March soyoil: 6 higher March corn: 1/2 lower March wheat: 3 1/2 lower The markets opened on a weaker note, with oilshare still firmer as soyoil futures remained firmer vs. meal. The weaker tone continued into the midday hour, as funds sold both corn and beans. Skepticism about the Chinese "shopping list" and liquidation of length for bean bulls contributed to the weaker tone. In trade developments, China stated that they would not increase the annual grain import quotas to accommodate higher US farm purchases. China has annual import quotas, also known as TRQ's, from all countries set at 7.2 mmt on corn, 9.6 mmt on...
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.