General Comments After the Monday holiday, the first trading of the week opened last night with wheat, corn and soybeans prices moving higher. There seemed to be a number of factors involved: follow-through technical strength, forecasts for continued dryness in Argentina and southern Brazil, no relief from the drought over the U.S. Southern and Central Plains and the western Midwest, reports that Chinese buyers were actively seeking U.S. and Brazilian soybeans for spot shipment through May, and signs that Russia might consider eliminating its 5 percent import duty on grains.Those sentiments carried over to the opening of the day session helped along by big weekly export inspections for soybeans and wheat. CME wheat jumped up 7 cents and...
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...
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.