March canola oil closed at a new contract high today of $717.40/MT. IMF data shows global vegetable oil prices moving higher and canola oil likely still has further to climb. Overall rapeseed oil prices are responding to the tightening in global stocks. Global rapeseed oil stocks are 7.6 percent less than their low in 2013, and yet today’s price is still 23 percent below the last peak in 2012. This is not due to offsetting supplies of competing oils since overall global stocks of vegetable oils have tightened. Taking into account the real or inflation adjusted values and there is an even greater disparity between the ending stocks and market values today versus a decade ago. ...
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.