World Perspectives
wheat

WASDE Wheat

USDA forecast higher domestic wheat use, unchanged exports, and lower ending stocks.  Feed and residual use is raised 25 million bushels to 125 million on lower-than-expected second-quarter stocks reported in today’s NASS Grain Stocks report.  Seed use is up 1 million bushels to 63 million, reflecting 2020/21 wheat planted area released today in the NASS Winter Wheat and Canola Seedings report. U.S. 2020/21 ending stocks are reduced 26 million bushels to 836 million, down 19 percent from last year.  The season-average farm price is raised $0.15 per bushel to $4.85. 2020/21 global wheat supplies are smaller as reductions in China and Argentina more than offset an increase for Russia.    ...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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