The market is steady but leaning bearish ahead of tomorrow’s USDA January WASDE report. The agency will put its final touches on numbers for 2023 and any changes are likely to be small and perhaps bearish. The market has signaled that expectation for most of the past few weeks. The soybean numbers are expected to be steady, but corn and wheat stocks could be nudged higher. See yesterday’s Market Commentary for WPI’s expectations. For example, output might be shaved a little lower on suboptimal conditions at harvest, but exports could be lowered, and stocks raised. Generally lower prices this week speak volumes. Today, saw generally lower volume, except for HRS, and March soybeans netting out at zero change for the...
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.