Wheat had a great deal of bullish news today, which started with the Kansas crop tour results. General Comments Markets were slightly higher in quiet overnight trade following yesterday's weak closes. The exception was wheat with KC showing good strength at the close of the night session and then reaching new highs early in today's trading. Wheat was again strong on poor crop production estimates, more dry and hot weather across the Southern Plains as well as the exchange of gunfire in Ukraine and the downing of two of the country's military helicopters overnight. The situation there is getting worse, not better. Egypt also announced a wheat tender for June shipment late yesterday. Corn and soybeans were weak on a better (warmer and drier...
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.