World Perspectives
wheat

WASDE Wheat

USDA leaves U.S. wheat supply and demand 2019/20 in the March WASDE.   The global outlook for wheat is for higher production, increased consumption and exports, and lower ending stocks.  Higher production forecasts in India and Argentina more than offsetting reductions in Turkey and Australia.   World exports are increased by 0.8 million tons, to 183.6 million, as increased exports by Russia and Argentina more than offset reductions by Canada and Australia. Turkey’s wheat imports are raised 2.0 million tons to a record-large 10.5 million on higher consumption, reduced production, and government policies to import additional quantities duty-free to stabilize domestic prices. USDA notes that Turkey’s wh...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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