World Perspectives
wheat

WASDE Wheat

Wheat – USDA’s July estimate is for larger U.S. supplies, domestic use, exports, and ending stocks:  Supplies are raised on increased production, which is up 44 million bushels to 1,781 million, on an increase in harvested area and higher yields.   The projected season-average farm price (SAFP) is lowered $0.25 per bushel to $10.50 on declines in futures and cash prices.  The 2022/23 global wheat outlook is for fewer supplies, reduced consumption, higher exports, and increased stocks.  Projected 2022/23 world ending stocks are raised 0.7 million tons to 267.5 million but remain the lowest since 2016/17.  ...

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Summary of Futures

Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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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.

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