It now looks like Omicron is manageable, which supports macros and ethanol but otherwise there are few new commodity market inputs. That led to an opportunity to unwind overbought positions in wheat, corn, and soybeans. The fundamentals are the same and the corrections may spark some buying on the breaks. The weather outlook is steady with a chance of isolated precipitation in droughty parts of South America but not enough to lift concerns over adverse impacts to crops. The corn crop is the most adversely impacted and around a quarter of Argentina’s corn is silking amidst overly hot and dry conditions. By contrast, it is so overly wet in central and northern Brazil that cities are in states of emergency over flooding. One gover...
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.