World Perspectives
wheat

WASDE Wheat

WHEAT:  USDA’s outlook for 2022/23 is for higher U.S. wheat prices. U.S. 2022/23 wheat supplies are projected down 3 percent, as lower beginning stocks more than offset a larger harvest.  All wheat production for 2022/23 is projected at 1,729 million bushels, up 83 million from last year. The average wheat yield 46.6 bushels per acre is up 2.3 bushels from last year.  Exports are projected at 775 million bushels, down from revised 2021/22 exports and would be the lowest since 1971/72.  Projected 2022/23 ending stocks are 6 percent lower than last year at 619 million bushels, the lowest level in nine years. The projected 2022/23 season-average farm price (SAFP) is a record $10.75 per bushel, up $3.05 from last year...

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Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, down $0.02 from yesterday's close.  Dec 25 Wheat closed at $5.2025/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.3125/bushel, down $0.025 from yesterday's close.  Dec 25 Soymeal closed at $289/short ton, up $3.4 f...

livestock

EV’s, Pork, and Trade

Last Friday China announced it would impose temporary anti-dumping duties on  pork imports from the EU.  China's commerce ministry said that the investigation has "preliminarily determined that imports of relevant pork and pig by-products originating in the European Union&nb...

Venting Hypocrisy; Xi – Trump Meeting; Say Cheese Please

Venting Hypocrisy At a BRICS meeting this past weekend, Brazilian President Luiz Inacio Lula da Silva characterized President Trump’s use of tariffs as a tool of “blackmail.” The formal definition of blackmail involves demanding benefit from someone in exchange for not reveali...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, down $0.02 from yesterday's close.  Dec 25 Wheat closed at $5.2025/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.3125/bushel, down $0.025 from yesterday's close.  Dec 25 Soymeal closed at $289/short ton, up $3.4 f...

livestock

EV’s, Pork, and Trade

Last Friday China announced it would impose temporary anti-dumping duties on  pork imports from the EU.  China's commerce ministry said that the investigation has "preliminarily determined that imports of relevant pork and pig by-products originating in the European Union&nb...

Venting Hypocrisy; Xi – Trump Meeting; Say Cheese Please

Venting Hypocrisy At a BRICS meeting this past weekend, Brazilian President Luiz Inacio Lula da Silva characterized President Trump’s use of tariffs as a tool of “blackmail.” The formal definition of blackmail involves demanding benefit from someone in exchange for not reveali...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan flooding reportedly damaged as much as 30 percent of wheat stocks in some areas, especially eastern Punjab. Local wheat prices are said to be up by 40 percent with further increases expected. Trade reports say that due to...

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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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