Wheat Argentina’s wheat markets traded a pattern similar to the prior week’s, with small movement in the FAS and FOB markets. Brazilian millers appeared in the FOB market for 11.5 percent protein wheat with LH March and April shipment from Upriver ports. With some demand present, sellers decided to show more attractive offers to execute business. Offers and bids ended about $5-6/MT apart with bids at $260/MT and offers at $265/MT for LH March and $583 versus $263/MT for April. These prices were some $3-5/MT below early-week values. Farmers have already sold 10.3 MMT of wheat, which is more than 60 percent of the total production and recent weeks have seen farmers slow their sales rate. Exporters have purchase...
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.