SPREADS Jan crush trades down to 98c/bu, under 1.00c/bu, around 40c off its highs. Oilshare trades down to 32.36% in a correction. Dec/March corn trades into 6 1/2c from 7c while the Dec/Dec inverse falls to 9 1/2c from 15 1/2c. Dec/March wheat trades from 4 1/2c carry to 5 1/2c. Jan/March bean spread trades out to 2c carry from 1/2c. Dec /March meal inverse trades down to $2.30 from $4.00. PALM OIL Feb. palm oil down 75 ringgits closing at 3,251 ringgit/mt. Cash offers were down $10/mt. SGS forecasts palm oil exports for Oct. 2020 at 1.714 mmt of product, up 6.9% vs. Sep. exports. NEWS Stocks are up 300 pts. as the promise of more vaccines appears ready to be approved. ...
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.