World Perspectives
wheat

WASDE Wheat

USDA’s October WASDE reduced 2022/23 U.S. wheat production based by 133 million bushels to 1,650 million. However, first quarter total disappearance is the lowest since 1983/84 - wheat exports are lowered 50 million bushels to 775 million. This would be the lowest U.S. wheat exports since 1971/72. The result is that U.S. ending stocks are projected to be 576 million, which would be the lowest since 2007/08. The season-average farm price is raised $0.20 per bushel to $9.20. The estimate for global wheat supplies was lowered 1.9 million tons to 1,057.7 million; The attached material show that ending stocks of global wheat are in decline for three years, but remain at comfortable levels.    ...

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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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