Such changes as were made in yesterday’s April WASDE were uniformly bearish – lower use, larger stocks, bigger South American production, more competition for U.S. grain and soy exports, etc. However, the report contained little that was not expected. Grain and soy markets hardly reacted to the new USDA estimates because they had largely been priced in already. Today’s market action was equally placid. KC wheat, Chicago wheat and soybean futures all traded ranges of about 6 cents today. The best Chicago May corn could manage was a 2.5 cent daily trading range. The April WASDE put numbers around a trend, which has been developing during the last few months, toward a regrowth of U.S. and world stocks that may well be acerba...
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.