SPREADS March crush falls to 91.52c/bu while oilshare falls to 32.89%. March/May corn trades from 2 3/4c to 3 1/4c carry, while July/Dec corn prices could invert more on talk that the US will export a record amount of corn Jan 2021. July /Dec corn now trades from 15 3/4c inverse to 16 3/4c. March/May wheat trades from 2 3/4c carry to 3 1/4c. Jan/March bean spread narrows back into 4 3/4c from 5 1/4c as this is now day 3 of the Goldman Roll. March wheat/corn trades under 1.50c to new lows at 1.46 1/2c. PALM OIL Feb. down 10 ringgits at 3,356 ring/mt. NEWS The Dow is up 94 pts as crude oil trades to new highs of $46.24 /barrel. The US dollar trades down top 90.69. DELIVERIES wheat:&...
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.