Corn Market This week the corn market in Argentina continued to be relatively quiet. A significant volume of export licenses for old crop corn were approved by the government. More than 1.4 MMT were approved and are ready to be applied to FOB contracts. While trading houses are applying these licenses to cover their shorts, currently more FOB sellers are appearing. Despite there only being scarce demand for October and November shipment, most trading houses are willing to sell these positions and will attempt to discount the offer side in order to capture demand.Having said this, offers are -70 CZ for October and -67 CZ for November. This week some trades were reported at -70 CZ and -75 CZ for November shipment. For December shipment, so...
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.