SPREADS August crush trades to 78c/bu while oilshare trades down to 45.23%. Spreads are firmer with the July /Nov bean inverse trading up to 83 3/4c from 70c, and Sep/Dec meal trading from a $5.80 carry out to $7.20. July/Dec corn inverse trades from 76 1/4c low up to 86 1/4c, while Sep/Dec corn trades from 19 1/2c inverse to 24c. Dec wheat/corn trades from 89c up to 1.07c. PALM OIL August crude oil palm down 285 ringgits ending at 3,378 ringgit/mt. India's Solvent Extractor's Association estimated May palm oil imports at 769,602 mt, an increase of 92% vs. yr ago. NEWS Stocks are down 40 pts with crude oil continuing to firm trading up to $71.75/barrel, and the US dollar down to 90.43. CALLS...
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.