GOOD MORNING, Prices found early strength at the open on a follow-through comeback for July corn which closed unchanged after opening sharply lower yesterday. However, currently deeper losses in soyoil futures are weighing on beans as traders continue to unwind previous buy soyoil/sell meal trade. Soyoil futures were lower on the Argentine chatter that they will increase soyoil exports for biofuel, and lower demand from India which continues to contend with covid. Kansas City wheat futures are under pressure as more reports of good yields surface from the Kansas City Wheat Quality Tour. Crop scouts found that projected HRW wheat in the southwestern portion of the state at 56.7 bpa vs. 47.6 bpa in 2019. ...
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.