NCI Webinar Recap | June 2024
The Northern Crops Institute (NCI) hosted three webinars in June of 2024. This included two NCI Market Update webinars and one Pulse Potential webinar. This month drew in 94 views either live or recorded from 9 different countries: the United States, Belgium, Canada, Guatemala, Mexico, Saudi Arabia, South Africa, Thailand, and the United Arab Emirates.
NCI Market Update with Jerry Plessing.
On Wednesday, June 5, 2024, the NCI Market Update webinar featured Jerry Plessing, Consumer Industries Industry Consultant at Rockwell Automation. His presentation focused on industrial automation. He noted that factory plants of the future will aim to improve safety, reliability, sustainability, yield, address labor availability, and more. Digital maturation in manufacturing is described as a journey of five phases: Pre-digital plant, Digital silos, Connected plant, Predictive plant, and Adaptive plant. Lastly, a highlight from this year’s State of Smart Manufacturing Report by Rockwell, 94% of companies expect to maintain or grow their workforce as a result of manufacturing technology adoption.
Rewatch Market Update with Jerry Plessing here.
Pulse Potential with Clifford Hall.
Also on Wednesday, June 5, 2024, the Pulse Potenial webinar featured Clifford Hall, professor at South Dakota State University. He discussed many details of the USDA commodity grading process. The USDA grades commodities based on soundness of comedy and freedom from defects — pulses are assigned a number (1, 2, 3, sample). Common defects looked for in grading chickpeas include greenness, insect damage, or heat damage. There are numerous attributes that are evaluated in quality evaluation of pulses such as test weight, moisture, ash content, starch properties, hydration, functionality, and more. For more information, visit https://www.usapulses.org/pulse-industry/research.
Retwatch Pulse Potential with Clifford Hall here.
NCI Market Update with Allison Thompson.
On Wednesday, June 19, 2024, the NCI Market Update webinar welcomed back returning presenter Allison Thompson, Commodity Broker/Market Analyst at The Money Farm. She presented, once again, on the current WASDE report. According to Thompson, the U.S. is at the start of the growing season, and corn is expected to yield 181 bushels per acre, and soybeans are expected to yield 52 bushels per acre based on the current trendlines. A global highlight included Brazil’s recent implementation of a tax credit change that went into immediate effect. This tax change will affect end users and how they monetize their products, and could result in them increasing their pricing. Overall, looking ahead to the end of 2024 and the start of 2025, it’s important to watch for inflation changes and weather transitions from an El Niño to a La Niña.
Rewatch NCI Market Update with Allison Thompson here.
Tune in next month to catch all of NCI’s webinars in any series. To view the upcoming speakers and topics, visit our website. To ensure you don’t miss out on any webinar action, sign up to join our webinar email list as well!