SPREADS Dec. crush trades to 1.00c/bu while oilshare trades to 46.42%. Dec/March corn trades from 9 1/2c to 9 3/4c, while Sep/Dec recovers from a trade that had been out to 16c, (trading 13 3/4c to 15c today). Dec/March wheat trades out to 11 1/2c carry from 10 1/2c. Dec wheat/corn trades from 2.11c down to 2.06 1/2c. Nov/Jan bean spread trades from 9 1/2c to 10 1/4c carry, while the Nov 21/Nov 22 inverse trades from 28 3/4c to 35 1/4c. Dec/March meal trades from $5.70 to $6.00. PALM OIL Nov. up 90 ringgits to close at 4,480 ringgit/mt. Malaysia's palm oil board forecasts 2021 production at 18.0 mmt, down 1.1 mmt from year ago. Exports for 2021 are forecast at 16.3 mmt, down from 17.3...
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.