Tomorrow's report could have considerable importance in market terms since non-commercials are so heavily invested on the long side of corn and soybeans.USDA will release this month's WASDE tomorrow. During most years, the April WASDE is notable for two reasons. The first is that it will incorporate whatever changes in the current year's supply/demand outlook resulted from the 1 March quarterly stocks reports that came out 10 days or so before. The second reason is that it sets the old crop stage for the May WASDE where USDA will offer its first real world U.S. supply/demand projections for the new crop year as based on the March planting intensions and whatever else has come along that might affect either new crop supply, or demand or both...
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.