THE OPEN November beans: 15 lower December meal: 2.10 lower December soyoil: 71 lower December corn: 5 3/4 lower December wheat: 5 1/2 lower The markets opened as called but a wetter -than-expected weather pattern in the Dakotas and end-of-week and month profit-taking sent prices sharply lower. It is also first notice day which brings pressures of its own. Rains were recorded over South Dakota, with more precip. through Neb., northern Mo., western Iowa, and southern Minn. Eastern Iowa appears to be left out of the rain picture. Wheat futures turned higher at midday extending AM gains as the markets continue to digest comments from the Quality Council Wheat tour this week. The comm...
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.