THE OPEN March beans: 14 1/2 higher March meal: 3.00 higher March soyoil: 56 higher March corn: 7 1/4 higher March wheat: 2 higher The markets opened as called with wheat on the defensive shortly after the open. In a correction from this morning, there were reported sales of 336,500 mt of corn sold to unknown for 20/21, confirming rumors of business, along with 138,000 mt of HRW sold to Nigeria for 21/22. There were also 163,290 mt of beans sold to Mexico for 20/21, and 136,000 mt sold to china for 20/21. Wheat prices turned two-sided, as oilshare bounces higher. IHS Market group released their acreage estimates as follows: Beans: 2021 bean acres at 90.1 mln acres, up...
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.
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