The markets started the day bullishly for corn and soybeans but with losses in wheat. Post the USDA WASDE report things changed. Larger soybean stocks flipped that market red but not until after some curious delay. And there was notable bull spreading that split the contracts. Soybeans, meal, oil, and lean hogs all took losses in the nearby contracts but obtained gains in the deferred; SRW was the reverse with gains in the nearby but losses from December onward. As usual, USDA only creeps in the direction of expectations but also had some curve balls today. Less old and new crop corn ending stocks pushed corn higher. More old and new crop soybean ending stocks pushed the bean complex lower. Wheat also had ending stocks taken d...
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.