Soybeans OLD CROP Brazilian old crop soybeans are almost complete. Two cargoes traded last week at +180 SQ CNF China. Demand is still good for August soybeans, especially FOB, but sellers are concentrating on the CNF. Ports switching from soybeans to corn, plus a lack of the commodity, have generated higher internal prices. From July onwards most ports are giving some berth priority to corn. The corn program had been planned to begin in July. For this reason, August soybeans have more demand than offers on the FOB. Buyers will be ready to pay above +80 SQ for Panamax. The Paranagua paper market for August has been gradually growing for that reason.Additionally, the Paranagua port is highly congested once again. After reducing waiting ti...
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.