General Comments Markets started the Sunday evening session slightly lower. That was expected following Friday's massive sell-off in soybeans and corn. The tone of the soy complex was markedly different today. The August contract was very strong all day while the November contract traded both sides. Corn and wheat futures were weak all day.There was some supportive news, but it just didn't have any impact on the corn and wheat markets. USDA announced that China had purchased another 120,000 MT of U.S. corn. China's second quarter GDP grew at a 7.5 percent rate. That was where the market was hoping it would be although there were fears it would be lower. The dollar index was slightly higher as was crude oil.Weather is and will remain th...
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.