General Comments Overnight trading in corn and soybeans saw prices move higher while wheat traded on both sides without much direction. The day session found corn and soybeans trading both sides before settling mostly lower while the wheat market spent most of the day session trading red numbered prices before closing down 6-7 cents for CME SRW and mostly 3-4 cents down for KC HRW. Wheat's closes were about half-way between the daily highs and lows. Day session volume was moderate.There are now just two full trading days left before USDA's August WASDE is released at noon next Monday, 12 August, and it is looming large. With crops well behind normal maturity for early August, there is some question as to whether USDA's August corn 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...
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.