Mar 25 Corn closed at $4.765/bushel, up $0.06 from yesterday's close. Mar 25 Wheat closed at $5.45/bushel, up $0.1425 from yesterday's close. Mar 25 Soybeans closed at $10.53/bushel, up $0.2775 from yesterday's close. Mar 25 Soymeal closed at $307.8/short ton, up $9.5 from yesterday's close. Mar 25 Soyoil closed at 45.99 cents/lb up 0.41 cents from yesterday's close. Feb 25 Live Cattle closed at $197.4/cwt down $1.375 from yesterday's close. Mar 25 Feeder Cattle closed at $267.9/cwt down $1.5 from yesterday's close. Feb 25 Lean Hogs closed at $83.175/cwt up $0.625 from yesterday's close. Feb 25 WTI Crude Oil closed at $78.68/barrel up $2.11 from yesterday's close. ...
What You Need to Know Today: The U.S. weather forecast has shifted to favor more beneficial conditions for finishing the corn and soybean crops, which is removing some weather risk premium from futures. Traders are looking ahead to Friday’s September WASDE, which will offer major insight...
Key Takeaways: Mandatory Country of Origin Labeling would provide consumers with more consistent information about where their beef originates, but evidence from the previous COOL rule found little indication that labeling increased overall consumer demand for beef. The primary potential benef...
The California General Assembly has passed a bill aimed at increasing transparency related to ultra-processed foods. California Governor Gavin Newsom has until 30 September to take action on the bill, though it will most likely be signed into law. Late last year, California became the first sta...
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.