SPREADS May crush trades to 63c/bu while oilshare trades to 38.0%, new market highs. Domestic basis has been strengthening, with inverses finding support at market lows. July/Dec corn inverse trades back to 49 3/4c from 45 1/2c, while May/July trades from 10 1/4c to 11 1/4c. May/July wheat trades from 11 1/4c inverse to 10c. July/Nov beans trades from 1.62c up to 1.67 1/2c, while May/July trades from 17 1/2c down to 15c. July/Dec meal weakens to $34.20 inverse from $35.70. PALM OIL May palm oil up 10 ringgits at 3,741 ringgit/mt. NEWS The stock market trades 255 pts higher with crude oil prices well bid, trading to new highs at $65.77/barrel. The US dollar firms to 92.19, which is more negativ...
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.