SPREADS Sep. crush trades to 91.62c/bu while oilshare trades at 25.32%. The nearby corn spread Sep/Dec widens out to 12 1/2c from 12 1/4c, and values that were 10 3/4c at the start of the week. Dec/Dec corn trades from 39c to 39 1/4c. Sep/Dec wheat trades from 6 3/4c out to 7 3/4c. The Sep/Nov bean spread trades from 3c out to 3 3/4c carry. PALM OIL October down 4 ringgits. Closed lower but up 3% on the week supported by forecasts for lower end of July inventories. NEWS Stocks turned mixed as the unemployment rate fell to 10.2%, so far recovering less than half of the jobs lost due to the pandemic. Crude oil trades to $41.35/barrel, while the US dollar firms to 93.26. Big money her...
From WPI Consulting
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.