SPREADS Spreads leak lower in the aftermath of the report. July/Nov bean inverse trades down to 1.59c from 1.66c, while May /July inverse trades down to 13 1/4c from 15 1/4c. July/Dec meal inverse trades to $32.50 from $34.10. July/Dec corn falls to 44 1/2c from 50 1/2c, while May/July trades from 11 1/4c down to 10 1/2c. May wheat/corn trades from 1.12 1/2c down to 1.10c. May crush trades up to 70c/bu while oilshare is firm at 39.10%. PALM OIL May closed up 60 ringgits, at 13-year highs. The Malaysian Palm Oil Board forecast ending stocks in Feb at 1.3 mmt, down 1.8% from the prev. month, vs. expectations for higher inventories of 1.42 mmt. The group estimated Feb. production of palm at 1.11 mmt...
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.