World Perspectives
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Policy Roundup

Drought, Ethanol and Economy Respondents to WPI's online survey leaned a bit pessimistic on the economy (see graph below). Meanwhile, the drought may not prompt food inflation for a while, but it certainly will add to the sour mood, especially in swing states like Colorado, Iowa, Ohio and southern Wisconsin. It will be important to watch how it is played by the president and his opponent, Mitt Romney, in terms of disaster assistance and ethanol. Please go to www.worldperspectives.com and weigh in on whether the drought should prompt any action on the ethanol mandate. Miscellany Biotech Sugar: Seven years after being initially approved by USDA, the Roundup Ready sugar beet achieved its second and final deregulation classification. A cou...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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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.

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