World Perspectives
wheat

Bearish Wheat Report, Bullish Foundation

USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yields running into lower demand. Globally, the agency sees increasing production even in countries like Russia and China where conditions have looked less favorable.  Global wheat exports continue growing as ending stocks stabilize but are still historically low. Import demand by the top wheat importing countries continues to grow, averaging a 1.5 percent CAGR over the past decade. Overall, global wheat production expands at an average 0.657 percent, as consumption rises by 0.92 percent. Average global wheat yield growth at 0.712 percent is somewhat offset by the area harvested declin...

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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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