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wheat

WASDE Wheat

Wheat – USDA left U.S. wheat supply and demand outlook unchanged.   The 2020/21 global wheat outlook is for higher stocks - supplies were raised 3.3 million tons as higher production in Australia and Canada more than offset a smaller crop in Argentina. On net, global 2020/21 production is raised 4.5 million tons to a record high 770.5 million. Projected 2020/21 world ending stocks are increased 2.6 million tons to 319.4 million to a new record, with China and India accounting for 51 and 10 percent of the total, respectively.   The projected season-average farm price remains at $4.50 per bushel.   ...

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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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