Jul 26 Corn closed at $4.02/bushel, down $0.1075 from yesterday's close. Sep 26 Wheat closed at $5.7975/bushel, down $0.1 from yesterday's close. Nov 26 Soybeans closed at $11.39/bushel, down $0.1725 from yesterday's close. Jul 26 Soymeal closed at $304.7/short ton, down $2.3 from yesterday's close. Dec 26 Soyoil closed at 66.65 cents/lb down 0.44 cents from yesterday's close. Aug 26 Live Cattle closed at $243.575/cwt down $2.25 from yesterday's close. Aug 26 Feeder Cattle closed at $367.475/cwt down $2.375 from yesterday's close. Aug 26 Lean Hogs closed at $97.275/cwt up $0.7 from yesterday's close. Aug 26 WTI Crude Oil closed at $70.56/barrel up $1.33 from yesterday's close. ...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
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.