General Comments The overnight e-session saw prices for the grains and soybeans trade modestly higher as prices crawled back up off yesterday's lows. However, volume was barely average and the rally effort lacked enthusiasm. That lack of enthusiasm carried over to the day session during which soybeans and wheat held onto overnight gains, but corn gave them up and closed lower. Basically, it was a dull session with slender volume.The next few days should see warm, dry conditions over much of the Midwest. This should allow the corn harvest to expand, and permit the barely started soybean harvest to pick up as well. After the shaky late season dryness and heat, the market is focused intently on yields and their trends. There is, and will...
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.