Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitation Program (MFP) payments is encouraging farmers to sow seed. That is taking away perhaps the biggest bullish factor for the corn market. The next most important supply-side factor is yields, which still have plenty of time to develop. The weekly Export Sales report featured large cancellations of corn purchases, a development certainly bearish that market when combined with a 55 percent reduction in weekly exports. Soybean exports were up versus the...
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.