Dec 24 Corn closed at $3.985/bushel, down $0.0125 from yesterday's close. Sep 24 Wheat closed at $5.32/bushel, up $0.0475 from yesterday's close. Nov 24 Soybeans closed at $10.165/bushel, down $0.06 from yesterday's close. Dec 24 Soymeal closed at $316.2/short ton, up $0.5 from yesterday's close. Dec 24 Soyoil closed at 41.45 cents/lb down 0.87 cents from yesterday's close. Oct 24 Live Cattle closed at $183.725/cwt down $2.95 from yesterday's close. Sep 24 Feeder Cattle closed at $251.8/cwt down $5.3 from yesterday's close. Oct 24 Lean Hogs closed at $77.025/cwt up $1.1 from yesterday's close. Sep 24 WTI Crude Oil closed at $76.9/barrel down $1.01 from yesterday's close. ...
What You Need to Know Today: U.S. Treasury Secretary Bessent said Friday that the U.S. has seized $1b of Iranian crypto assets. Iran’s IGGC says 15 merchant vessels, including 4 oil tankers, have passed through the Strait of Hormuz in the past 24 hours. Managed money traders...
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...
Key Takeaways: Acidity: Brazil’s agricultural production rose significantly after agricultural researchers were able to reduce soil acidity in the Cerrado region. Rotation: Farmers in the Center-West of Brazil, where the Cerrado is located, enjoy a soybean/corn double cropping advantage...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.