Soybeans, corn and wheat all closed on or near the day's highs. That is a bullish technical picture for the last day of the week and the month. General Comments It was an extremely interesting day in all markets on the last day of February. Soybeans were lower most of the night session with corn and wheat slightly higher. All of that changed during the day session with another volatile day in soybean futures and significant strength developing in wheat and corn futures. Hog futures were also on fire again today and traded limit higher in the April contract. U.S. financial futures were also strong with the S&P setting a new high, but those gains faded as the day wore on because of the political concerns in the Black Sea as well as some...
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.