Dec 24 Corn closed at $4.0075/bushel, up $0.035 from yesterday's close. Sep 24 Wheat closed at $5.3475/bushel, up $0.06 from yesterday's close. Nov 24 Soybeans closed at $9.685/bushel, up $0.06 from yesterday's close. Dec 24 Soymeal closed at $303.7/short ton, up $4.5 from yesterday's close. Dec 24 Soyoil closed at 38.88 cents/lb down 0.21 cents from yesterday's close. Oct 24 Live Cattle closed at $182.125/cwt up $1.375 from yesterday's close. Sep 24 Feeder Cattle closed at $244.35/cwt up $2.175 from yesterday's close. Oct 24 Lean Hogs closed at $75.925/cwt up $3.075 from yesterday's close. Sep 24 WTI Crude Oil closed at $77.11/barrel down $1.24 from yesterday's close. ...
From the monthly cold storage report it is interesting to look at the poultry numbers and changes due to HPAI that has been plaguing the sector to some degree since 2022. Total chicken in cold storage was up 1.1 percent on the year and up 0.9 percent on the month. For eggs, the total inve...
Argentina Export Tax Reform The Argentine government announced a new long-term schedule for reducing export taxes ("retenciones"), one of the main policy tools affecting agricultural profitability and farmer selling decisions. Export taxes are applied directly to export values and have historic...
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.