When we or anyone says that a particular market price is too high or too low, it may sound like we are saying that the market is wrong even though the market is never wrong, to paraphrase the old saying.Although the contribution they make to their nation's GDP receives less publicity than it deserves, there is a large multinational community of people who are greatly interested in grain and oilseed markets (cash, futures or both). There is an even greater number of people, consumers of food, affected by cash and futures markets for grains and oilseeds, but they are generally unaware of their importance. The common thread connecting those with direct, immediate interest in these markets is price. Farmers are keenly interested in the markets...
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.