World Perspectives
wheat

WASDE Wheat

USDA’s April forecast for 2022/23 U.S. wheat is for slightly higher supplies, reduced domestic use, unchanged exports, and increased ending stocks.  Supplies are raised 5 million bushels on higher imports, based on the pace of Census imports reported to date.  Domestic use is lowered 25 million bushels on reduced feed and residual use, which is decreased to 55 million.  The downward revision is based on the implied disappearance for the second and third quarters indicated in the NASS Grain Stocks report.  Wheat exports remain at 775 million bushels but there are offsetting by-class changes for White and Hard Red Spring exports.  Projected 2022/23 ending stocks are raised 30 million bushels to 598 million but a...

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Summary of Futures

Mar 26 Corn closed at $4.45/bushel, down $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.35/bushel, down $0.035 from yesterday's close.  Jan 26 Soybeans closed at $11.28/bushel, down $0.0975 from yesterday's close.  Jan 26 Soymeal closed at $314.6/short ton, down $4.1...

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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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