SPREADS July oilshare trades to 43.05% while crush trades up to 92c/bu. Spreads recover after selling off to some lows for beans with Jly/Nov trading from 1.54 1/4c to 1.70c. July/Dec meal trades up to $23.50 from $19.60. Corn spreads weaken with July/Dec inverse trading down to 99 1/2c from 1.07 3/4c. July wheat /corn spread trades from 25 1/4c to 33c. PALM OIL Malaysian June RBD palm oil ended up $30/mt higher. Analysts, ahead of the May 10 Malaysian Palm Oil Board data release, expect the group to peg April production at 1.55 mmt, up 8.9% from the prev. April exports are forecast at 1.3 mmt, up 10%. NEWS Stocks are up 43 pts. Unemployment claims fell to 498,000 last week, a pande...
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.