World Perspectives
wheat

WASDE Wheat

USDA’s estimate for 2023/24 U.S. wheat is reduced stocks.  All wheat production is projected at 1,659 million bushels, up modestly from last year on increased harvested area.  However, the harvest-to-plant ratio is down from last year with above-average abandonment in Texas, Oklahoma, and Kansas.  The average wheat yield, projected at 44.7 bushels per acre, is 1.8 bushels lower than last year.   Exports are projected at 725 million bushels, 50 million lower than last year.  Ending stocks are projected to be 11 percent lower than last year and the lowest in 16 years.  The projected 2023/24 season-average farm price is $8.00 per bushel, down $0.85 from last year’s record. The global wheat outlo...

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March Grain Stocks Summary

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

livestock

Livestock Industry Margins

Beef packer margins eased slightly to $119/head, declining $7/head week over week as a modest softening in the cutout combined with a small increase in live cattle prices compressed margins. Despite the weekly pullback, margins remain sharply improved on a monthly basis (+$233/head), supported...

feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

March Grain Stocks Summary

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

livestock

Livestock Industry Margins

Beef packer margins eased slightly to $119/head, declining $7/head week over week as a modest softening in the cutout combined with a small increase in live cattle prices compressed margins. Despite the weekly pullback, margins remain sharply improved on a monthly basis (+$233/head), supported...

feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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