Relatively Few Significant Changes for Soy in USDA WASDE Report Some expected the June monthly WASDE update released today to make substantial changes to the supply and demand data for soybeans and soy products. However, the report instead made relatively few significant changes to the soy data and the ones that were made were largely expected. USDA made two changes in the report for the soy sector in the U.S. First, it reduced its forecast for the U.S. soybean crush volume in 2020/21 by 15 million bushels from 2.19 billion bushels to 2.175 billion bushels. That resulted in it raising its forecast for U.S. soybean ending stocks in 2020/21 by 15 million bushels to 135 million bushels. That helps to better cushion the soybean market from in...
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.