May 25 Corn closed at $4.6525/bushel, up $0.045 from yesterday's close. May 25 Wheat closed at $5.625/bushel, up $0.085 from yesterday's close. May 25 Soybeans closed at $10.1075/bushel, up $0.1025 from yesterday's close. May 25 Soymeal closed at $307.1/short ton, up $6.9 from yesterday's close. May 25 Soyoil closed at 41.28 cents/lb down 0.4 cents from yesterday's close. Apr 25 Live Cattle closed at $202.05/cwt up $0.65 from yesterday's close. Apr 25 Feeder Cattle closed at $279.975/cwt down $0.75 from yesterday's close. Apr 25 Lean Hogs closed at $85.625/cwt down $0.875 from yesterday's close. Apr 25 WTI Crude Oil closed at $66.55/barrel down $1.13 from yesterday's close. ...
What You Need to Know Today: Early Tuesday, the U.S. Energy Secretary said vessel traffic through the Strait of Hormuz is rising in a “very meaningful way.” Tuesday afternoon, however, President Trump said Iran shot down a U.S. helicopter while it was patrolling the Strait of Hormu...
Miscellaneous Initial excitement over China’s pledges to buy American farm products has faded, as no purchases have immediately materialized. USDA Deputy Secretary Stephen Vaden said he is confident that China will meet its purchase commitments from the U.S., but market conditions and tra...
In January of this year, the House passed House Resolution 375, which established an E15 Rural Domestic Energy Council and directed the council to investigate the sale of E15, to develop legislative solutions, and to submit those solutions to Congress. E15 legislation was included in a short-te...
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.