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USDA Makes Changes to WASDE Tables

USDA announced this week that it will make some changes (noted below) to the monthly WASDE (supply and demand estimates) starting with the May report. While not huge, these modifications will likely add clarity and should have been implemented long ago. They will not affect the actual numbers but only how they are portrayed. - The row labels for world wheat, coarse grains, corn, rice and cotton will now include the line “world less China.” This is an important change. WPI and other analysts have pointed out for several years the significance of China’s supplies to world ending supplies for crops, especially corn and wheat. It currently holds more than 50 percent of the world wheat ending supplies, 74 percent of the world&...

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Summary of Futures

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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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