THE OPEN March beans: 11 higher March meal: 2.40 higher March soyoil; 56 higher March corn: 14 higher March wheat: 2 higher The major feature of the open was the sharply higher trade in corn into new contract highs which pulled the other markets along for the ride. Surprisingly, the early strength did not hold, particularly for beans that turned from sharply higher trade to sharply lower, taking meal prices with it. The race between corn and bean acreage will heat up, though corn seems to be holding its own on better export sales which imply that a lower carry-out could be ahead in the WASDE report. Buy corn/sell bean trade was reinforced as the market tells farmers to plant more c...
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.