World Perspectives
wheat

WASDE Wheat

WHEAT:  The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks.  Supplies are projected down 3 percent from 2020/21 on lower carry-in stocks offsetting higher production and imports.  All wheat production is projected at 1,872 million bushels, up 3 percent from last year on higher harvested acreage and yields.  The all wheat yield is projected at 50.0 bushels per acre, up 0.3 bushels. The projected 2021/22 season-average farm price is $6.50 per bushel, up $1.45 from last year’s revised price on reduced stocks and significantly higher U.S. corn prices.  The initial global wheat outlook for 2021/22 is for larger supplies, higher consumption, inc...

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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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