SPREADS August crush trades to 1.04c/bu while oilshare is higher as soyoil surges again overnight, trading up to 47.53%. July open interest continues to fall impacting inverses. July/Nov bean inverse trades down to 76c vs. 85 1/2c while July/Dec corn inverse trades down to 1.15 1/2c from 1.22 1/4c, but values that were as high as 1.39c. Sep/Dec meal carry trades from $3.50 out to $4.80. August /Nov bean inverse trades down to 40c from 47 1/4c, while Sep/Dec corn inverse trades down to 12 1/2c from 13 1/2c. Dec/March wheat trades from 5 1/2c to 6c carry. Dec wheat/corn trades from 1.21 3/34c to 1.26 1/2c. PALM OIL Sep. palm oil up 95 ringgits/mt, ending at 3,516. Intertek estimated pal...
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.