World Perspectives
wheat

WASDE Wheat

USDA’s outlook for 2024/25 U.S. wheat is for larger supplies, increased exports, and higher ending stocks. Supplies are projected to increase six percent from 2023/24. U.S. wheat yield is projected at 48.9 bushels per acre, up 0.3 bushels. 2024/25 ending stocks are eleven percent above last year at 766 million bushels, the highest level in four years. The projected 2024/25 season-average farm price (SAFP) is $6.00 per bushel.  The global wheat outlook for 2024/25 is for slightly lower supplies, increased consumption, modestly higher trade, and reduced stocks. Increased output for India, China, Australia, Kazakhstan, Canada, and the United States is expected to more than offset reductions for Russia, the United Kingdom, the EU, a...

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Summary of Futures

May 26 Corn closed at $4.5425/bushel, up $0.005 from yesterday's close.  Jul 26 Wheat closed at $6.07/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.645/bushel, down $0.1 from yesterday's close.  Jul 26 Soymeal closed at $316.3/short ton, down $4.9 fr...

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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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