Corn It’s been an interesting week for the corn market with significant volumes traded. Almost every exporter has been pushing for grain, paying up following the CBOT’s rally, and prices have increased $6-7/MT this week. Exporters have already purchased about 37.5 MMT in the local market and are getting close to the government’s estimate of a 38.5-MMT export surplus. With the actual purchase pace, exporters will cover the quota in just a few weeks. WPI estimates the purchases will continue for a month, considering exporters generally buy more volume than the estimated export surplus. Local consumers are not making any noise, so if the supply and demand remains healthy, the government, in need of fresh dollars...
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.