GOOD MORNING, Prices begin mixed today with corn lower as ratings unexpectedly improved in yesterday’s crop progress report. Reports of bean biz from China and ongoing trade negotiations in October hold a bean break in place. Traders continue to watch for further signs of ongoing China/US bean business. Bloomberg cited sources reporting that China has granted new waivers exempting state and private firms from retaliatory tariffs on US beans. The article noted that an estimated 1.2 mmt of beans have been purchased so far. Trade chatter has it that Chinese bean purchases of 10 to 34 cargoes have been purchased over the weekend off the PNW. US beans at the Gulf are at an estimated $25/mt discount to Brazil...
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.