World Perspectives
wheat

WASDE Wheat

WHEAT: USDA reduced 2022/23 ending stocks slightly as larger domestic use more than offsets higher beginning stocks.  The season-average farm price is unchanged at $9.10 per bushel.   The 2022/23 global outlook is for increased supplies, exports, consumption, and stocks.  World supplies are raised 1.3 million tons to 1,058.1 million on production increases in Ukraine and the EU. Projected 2022/23 global ending stocks are raised 1.1 million tons to 268.4 million, with increases for the EU, Ukraine, Kazakhstan, and India more than offsetting declines in Saudi Arabia and Iran.  ...

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From WPI Consulting

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.

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