THE OPEN Nov beans: 8 lower Dec meal: 1.00 lower Dec soyoil: 50 lower Dec corn: 3 lower Dec wheat: 12 lower The market opened weaker and printed new lows before finding some pricing, bargain hunting into the report, and more short-covering. Corn prices reversed higher from lower while soyoil and wheat prices labored. The acreage numbers, which were released early, weighed on futures in the PM session with follow-through negativity for the day. Some analysts theorize that the acres could actually grow a bit once all farms report. Brazil's CONAB trimmed its estimate for the countries' total corn and bean crops in its final report. CONAB reported that farmers produced a record 135.9...
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.