World Perspectives
wheat

U.S. and World Wheat

There are several differences between WPI's wheat production estimates by country and USDA's 12 July numbers. The net result, though, is a significant shift from last year that will have implications going forward.Following the previous discussion here regarding the likelihood of smaller supplies among the world’s major wheat exporters in MY 2017/18 (see Ag Perspectives, 22 May 2017), the table below shows our thoughts about the change in their production levels as of today:Note that WPI’s production estimates by country don’t match up with USDA numbers of 12 July. Following are the differences:

WPI thinks USDA’s U.S. spring wheat estimate is too high by at least 1.5 MMT. There was no change in harvested acres, and significant acreage in...

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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.

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