GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend. The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn. End-users continue to take advantage of breaks, and with the speed of recent rallies may be behind in pricing. This will lead to support on pullbacks of size. There is a general feeling that the old crop corn and bean carry-outs are too high as demand could be underestimated. Hedging remains light with basis levels continuing firm. Chinese and Brazil cash corn moved to new highs this week, with more chatter that China is around the corn...
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.