We note that every year at this time we have looked at projections for rapidly building soybean ending supplies in the U.S. that have yet to materialize, either because of lower yields or increased demand.The soybean market continues its push to new highs despite all the pleading from the bears that it must go down. Tightness in old crop U.S. soybean supplies persists even as the import forecast has been nearly doubled from historical levels. Demand simply has not abated, notwithstanding higher prices. Last week's National Oilseed Processors Association (NOPA) crush numbers slowed the largest March soybean crush since 2001. The meal demand is driving the big crush numbers. It is likely USDA will have to trim the ending supply projection aga...
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.