World Perspectives
wheat

WASDE Wheat

WHEAT:  USDA made a light increase in U.S. 2022/2023 wheat production to 1,783 million bushels, up 2 million from last month.  Reductions in winter wheat and Durum are more than offset by an increase in Other Spring Wheat.  The all-wheat yield is 47.5 bushels per acre, up 0.2 bushels from last month.  The projected 2022/23 season-average farm price is reduced $1.25 per bushel to $9.25.  The global wheat supplies are raised by 4.2 million tons to 1,055.9 million as higher production more than offsets reduced beginning stocks.  Production is increased to a record 779.6 million tons, primarily on higher production for Russia, Australia, and China.  Russia’s production is raised 6.5 million tons to a r...

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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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