World Perspectives
wheat

U.S. Wheat and World Demand

Two important factors that have limited U.S. wheat exports in 2014/15 have been large wheat supplies held by competing origins and the effect of the historically strong U.S. dollar.Today's weekly export sales report from USDA/FAS for the week ending 26 February shows net wheat sales for 2014/15 of 469,600 MT (17.3 million bushels). This brings total export commitments (shipments plus open sales) for 2014/15 to 21.809 MMT (801.3 million bushels). That is 89 percent of the total U.S. wheat export volume of 900 million bushels (24.5 MMT) projected by USDA for 2014/15, which is a meager goal and over 3 MMT less than the average of the last five years. However, it is ultimately export shipments, not total commitments, which are measured against...

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Summary of Futures

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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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