2021/22 world wheat is projected to decline 16.8 million tons to 1,065.7 million, primarily on lower production for Russia, Canada, and the United States. Partially offsetting these reductions are production increases for Ukraine and Australia. Ukraine is raised to a record 33.0 million tons. Australia is increased 1.5 million tons to 30.0 million as continued abundant precipitation has benefited crop conditions. 2021/22 world wheat consumption is reduced by 4.2 million tons to 786.7 million. Most of the consumption decreases are for feed and residual use. Projected 2021/22 global trade is lowered 5.8 million tons to 198.2 million on reduced exports for Canada and Russia only partially offset by higher e...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.