World Perspectives
wheat

Wheat Keeps Getting More Interesting

As spring crop ratings plunged again last week and hard red winter wheat protein levels continue to be a concern, issues with wheat production outside of North America are also worsening.

As noted in the most recent crop progress report (see Ag Perspectives, 19 June), spring wheat crop ratings plunged again last week. They should decline again in next Monday’s report after another week with no rain across most of the northern Plains. The only good news was that temperatures were much cooler this week. The driest parts of southern Canada also stayed dry, including the primary durum production region. Yields are falling, but protein content should be high because of the drought stress. The chart below shows the current spring wheat ratings...

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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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