The Market It was another week of losses in the soybean pits, but with much shallower declines than last week. November soybeans dropped 0.7 percent and are now at their lowest price in three months. While December soyoil took the biggest cut last week, it fell just 0.8 percent this week. The honor for holding up the basement goes to soymeal with the December contract giving up 2.3 percent. Product pricing has now weakened as well. Soybean stocks are tight and will remain so but export commitments are down 32 percent from last year at this time. The drop in exports fuels the rumor of washouts. There is also the concern that USDA next week could raise its soybean production and stocks estimates as the crop survived the hot, dry summe...
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.