SPREADS August crush trades higher to 45.94% while crush trades to 81c/bu. Spreads are softer in corn, with July/Dec trading down to 1.00 3/4c inverse from 1.04 1/4c. Sep/Dec corn trades down to 19c inverse from 20 1/4c. The trend is turning softer for these inverses. July/Nov firms back up to 1.55c inverse from 1.48 3/4c, and lows yesterday at 1.45c. July/Dec meal trades from $2.30 inverse to small carry. July wheat/corn trades from 8 3/4c to 17 3/4c. PALM OIL August closed up 58 ringgits, or 1.42% at 4,150 ringgit/ton. China's edible oils jumped today boosted by a report that top consumer India was considering cutting import taxes on edible oils. India meets nearly 2/3rd of it...
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.