The December WASDE met everyone's expectations, which is to say that without fresh production estimates for U.S. corn and soybeans, it was broadly unexciting. In terms of market fundamentals, we judge the report to be slightly bearish for wheat, just about neutral for corn and mildly supportive for the soy complex. The key takeaway for us is that the overall U.S. and world supply and demand outlook has not changed much, if any, as traders wait on January's much more important quarterly stocks report, final corn and soybean production estimates, winter wheat planted acreage and the resulting supply and demand adjustments.This is not to say that today's WASDE is without interest or significance. In fact, there are some interesting changes a...
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.