The U.S. wheat futures markets are facing a dilemma. Should they price the relatively bullish wheat supply/demand balance, or the relatively bearish world wheat fundamentals?At this writing, KC HRW futures are higher again by 15-19 cents, and CME SRW futures are up 8-10 cents. The Plains drought and its potential impact on U.S. HRW production continue to push wheat futures contracts upward with KC wheat reaching its highest level in about 18 months. Vocal support for wheat futures also comes from the turmoil in Ukraine, but we are not sure of the extent to which talk about the Ukrainian crisis has translated into actual buy orders for U.S. wheat futures.USDA's first real U.S. 2014/15 wheat supply/demand projection will be contained in the M...
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.