The 2018/19 U.S. wheat crop is projected at 1,821 million bushels, up 5 percent from the prior year. The year-over-year increase is due to greater harvested area and slightly higher yield. Reduced beginning stocks and imports bring total supplies down 49 million bushels from the previous year. The all wheat yield is projected at 46.8 bushels per acre, up slightly from 2017/18. Winter wheat yields are below average in the drought affected states of Kansas, Oklahoma, and Texas. Combined spring wheat and Durum production for 2018/19 is projected to increase 34 percent from the previous year’s low, which is due to both increased area and yield. Global wheat supplies for 2018/19 are projected to increase fractionally as higher...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
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.