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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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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