Wheat behaved like the soy complex today. Yesterday's big reversals off the highs brought some fund selling and other profit taking, keeping all three wheat contracts under pressure all day. General Comments Markets were weaker overnight following Thursday's reversals. Soybeans had the biggest losses with wheat next in line. Corn was surprisingly calm, although USDA's announcement that 340,000 MT of U.S. corn had been sold to Egypt probably gave the sellers a reason to just watch for a while. There was little fresh news today, and the Black Sea was quiet. U.S. financial markets were very strong early, but those gains moderated as the day wore on before totally disappearing late in the session. Crude oil was marginally higher.Weather forec...
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...
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.