General Comments Markets were closed for the holiday yesterday and opened at 8:30 this morning. Early calls were for lower openings, but the markets opened with slight gains. Those early gains only lasted minutes before prices turned lower led by soybeans and corn. Wheat held on to slim gains until corn and soybeans dropped to double digit losses. Volume, as expected, was very light today with many businesses closed to make it a long holiday weekend.Weekly export sales released this morning were good for wheat at 563,000 MT and small for corn at 233,000 MT with soybean sales at 120,000 MT old crop and 249,000 MT new crop. USDA did announce the sale of 120,000 MT of soft red winter wheat to China and 120,000 MT of corn to "unknown"...
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.