Mar 25 Corn closed at $4.82/bushel, down $0.0825 from yesterday's close. Mar 25 Wheat closed at $5.595/bushel, down $0.07 from yesterday's close. Mar 25 Soybeans closed at $10.42/bushel, down $0.02 from yesterday's close. Mar 25 Soymeal closed at $301.1/short ton, down $3.6 from yesterday's close. Mar 25 Soyoil closed at 46.11 cents/lb up 1.13 cents from yesterday's close. Apr 25 Live Cattle closed at $202.3/cwt up $0.8 from yesterday's close. Mar 25 Feeder Cattle closed at $275.725/cwt up $2.525 from yesterday's close. Apr 25 Lean Hogs closed at $90.35/cwt down $1.575 from yesterday's close. Mar 25 WTI Crude Oil closed at $73.11/barrel up $0.38 from yesterday's close. ...
What You Need to Know Today: Traders are increasingly focused on next Wednesday’s August WASDE report, with corn and soybean yield estimates expected to drive the next major move in grain markets. Recent crop condition declines and late-July heat have increased uncertainty around USDA&rs...
Yesterday the Senate Agriculture Committee held its markup of the “skinny” farm bill, and it was derailed over Democratic opposition to plans for imposing food stamp costs on state governments. The Democrats pushed back on a provision that required states to pick up a larger share o...
Key Takeaways: WPI’s 2025/26 corn export models continue to reflect strong international demand and put the total marketing year volume slightly above USDA’s estimates. Strong old crop corn exports are offset by weaker feed and residual use, leaving ending stocks slightly ele...
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.