We have been arguing for a few months that world wheat production estimates for a 700-plus MMT world wheat crop are too large. USDA did trim its production estimate slightly in its June WASDE, from 701 MMT to 696 MMT, but we think that is still too large by as much as 15-20 MMT. The table below is our latest world wheat outlook.The changes we made relative to June's USDA estimate are as follows. U.S. Hard red winter wheat (HRW) was pegged by USDA at 781 million bushels (21.25 MMT). The results in Texas and Oklahoma have been very disappointing, and we think that pattern will continue as the harvest moves northward over the next couple of weeks. Our opinion today is that HRW production will drop to 725-735 million bushels (about 20 MMT)...
Kiwengwa/Pongwe Forest Reserve Kiwengwa/Pongwe Forest Reserve is located on the northeast coast of Unguja, 20 kilometres (12 mi) from the Town. The reserve is an important biodiversity spot in the coral rag zone. The forest reserve is rich both in faunal and floral species. The faunal species r...
An Ankylosaurus lumbers along the shore of what’s now eastern Montana. Walking low to the ground, the dino uses its flat, leaf-shaped teeth to tear at ferns lining the water. Suddenly, a shadow looms over the herbivore—a Tyrannosaurus rex is hungry. But Ankylosaurus won’t be a...
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A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
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.