General Comments Today was another disappointing day for the bulls. Markets opened very firm yesterday afternoon with soybeans showing double-digit gains most of the night and into this morning. Corn also opened higher yesterday, with wheat tagging along. That picture changed around 9:30 this morning when the open outcry session opened. Selling pressure increased noticeably in wheat and corn and took them to 8- to 10-cent losses. That selling spilled over into the soybean complex as well.U.S. financial markets were strong. There is apparently still a glimmer of hope the fiscal cliff negotiations will yield some results before Christmas. Crude oil was slightly higher all day and the dollar index was fractionally lower. Soy Complex FUT...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.