World Perspectives
wheat

WASDE Wheat

USDA’s June 2022 estimate is for slightly lower ending stocks of global wheat.  Projected 2022/23 world ending stocks are lowered 0.2 million tons to 266.9 million, a six-year low.   Supplies are decreased by 1.7 million tons to 1,052.8 million as lower India production more than offsets an increase for Russia. Russia’s production is raised 1.0 million tons to 81.0 million due to favorable weather conditions to date.   Russia’s exports are raised 1.0 million tons to 40.0 million, which would be the second largest on record.  Russia’s supplies are projected higher for 2022/23 and its export prices are more competitive than most other exporters.   The estimated season-average...

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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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