Jul 21 Corn closed at $6.7925/bushel, down $0.035 from yesterday's close. Jul 21 Wheat closed at $6.8/bushel, down $0.0775 from yesterday's close. Jul 21 Soybeans closed at $15.6025/bushel, down $0.235 from yesterday's close. Jul 21 Soymeal closed at $386.9/short ton, down $9.3 from yesterday's close. Jul 21 Soyoil closed at 70.83 cents/lb down 0.51 cents from yesterday's close. Aug 21 Live Cattle closed at $117.775/cwt down $0.3 from yesterday's close. Aug 21 Feeder Cattle closed at $150.2/cwt up $0.275 from yesterday's close. Jul 21 Lean Hogs closed at $122.1/cwt up $1.5 from yesterday's close. Jul 21 WTI Crude Oil closed at $69.22/barrel down $0.4 from yesterday's close. &nbs...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.