Dec 21 Corn closed at $5.2375/bushel, down $0.0725 from yesterday's close. Sep 21 Wheat closed at $6.18/bushel, down $0.0425 from yesterday's close. Nov 21 Soybeans closed at $13.195/bushel, down $0.0775 from yesterday's close. Dec 21 Soymeal closed at $362.5/short ton, down $2.4 from yesterday's close. Dec 21 Soyoil closed at 59.18 cents/lb down 0.51 cents from yesterday's close. Aug 21 Live Cattle closed at $119.275/cwt down $1.325 from yesterday's close. Aug 21 Feeder Cattle closed at $157.325/cwt down $1.675 from yesterday's close. Aug 21 Lean Hogs closed at $100.375/cwt down $0.025 from yesterday's close. Aug 21 WTI Crude Oil closed at $73.1/barrel up $0.9 from yesterday's close.&...
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.