Milling Wheat The wheat market in the Black Sea was rather quiet last week. Market sentiment remains bearish, as weather development has been favorable for the crops and demand has been slower than usual. Despite the heavy outlook, prices remained unchanged as most of the trading houses have already built short positions and the farmers have not started selling yet. The current outlook for 2013/14 is certainly not supportive for the wheat price. However, the harvest pressure in the Black Sea region is decreasing every year as the farmers have fewer financial and logistical constraints.Jordan bought 100,000 MT of optional origin wheat last week at $296.50.The EU allocated 203,000 MT of wheat export licenses last week, bringing the total t...
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.