THE OPEN November beans: 2 lower December meal: 2.50 higher December soyoil: 32 lower December corn: 5 1/2 higher December wheat: 7 higher The soy complex opened as expected with prices trending firmer at the start of the session. Spreads were firmer as well as new business was announced for beans this morning, with speculation that some corn was also done. Profit-taking in oilshare continued throughout the session. Later in the session another private estimate was released forecasting its corn production at 14.794 bln bu, with a yield of 176.16 bpa. Bean production was forecast at 4.284 bln bu, with a yield of 49.5 bpa. The lower yield was in acknowledgment of adverse...
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.