World Perspectives
wheat

WASDE Wheat

WHEAT:  USDA made a light increase in U.S. 2022/2023 wheat production to 1,783 million bushels, up 2 million from last month.  Reductions in winter wheat and Durum are more than offset by an increase in Other Spring Wheat.  The all-wheat yield is 47.5 bushels per acre, up 0.2 bushels from last month.  The projected 2022/23 season-average farm price is reduced $1.25 per bushel to $9.25.  The global wheat supplies are raised by 4.2 million tons to 1,055.9 million as higher production more than offsets reduced beginning stocks.  Production is increased to a record 779.6 million tons, primarily on higher production for Russia, Australia, and China.  Russia’s production is raised 6.5 million tons to a r...

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Summary of Futures

May 25 Corn closed at $4.8125/bushel, down $0.0375 from yesterday's close.  May 25 Wheat closed at $5.42/bushel, down $0.055 from yesterday's close.  May 25 Soybeans closed at $10.36/bushel, down $0.0575 from yesterday's close.  May 25 Soymeal closed at $294.2/short ton, down $2...

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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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