World Perspectives
wheat

WASDE Wheat

WHEAT: In the April 2022 WASDE, USDA reduced U.S. exports by 15 million bushels, to 785 million, as the U.S. remains uncompetitive to most markets.  Projected 2021/22 ending stocks are raised 25 million bushels to 678 million but are still 20 percent lower than last year. The projected season-average farm price is raised $0.10 cents to $7.60 per bushel.   The global wheat outlook for 2021/22 is Russia’s exports are raised 1.0 million tons to 33.0 million as it continues to export at competitive prices. Ukraine’s exports are lowered 1.0 million tons to 19.0 million as its Black Sea ports remain closed since the invasion by Russia in February. USDA notes that most of Ukraine’s wheat exports have already been...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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