Dec 26 Corn closed at $5.155/bushel, up $0.07 from yesterday's close. Dec 26 Wheat closed at $6.995/bushel, up $0.0025 from yesterday's close. Nov 26 Soybeans closed at $12.2425/bushel, down $0.1525 from yesterday's close. Dec 26 Soymeal closed at $328.6/short ton, up $2.8 from yesterday's close. Dec 26 Soyoil closed at 67.31 cents/lb down 2.27 cents from yesterday's close. Oct 26 Live Cattle closed at $213.6/cwt down $4.325 from yesterday's close. Sep 26 Feeder Cattle closed at $324.225/cwt down $4.8 from yesterday's close. Oct 26 Lean Hogs closed at $81.125/cwt up $0.25 from yesterday's close. Oct 26 WTI Crude Oil closed at $85.07/barrel down $1.99 from yesterday's close. ...
Key Takeaways: Gene editing makes targeted changes to a plant’s existing DNA, while genetic modification can introduce genetic material from another organism to create traits not naturally present in the crop. Gene editing is unlikely to replace genetic modification entirely, as the two...
USDA’s August cattle on feed report was released Friday, with the total number of cattle in feedlots with a capacity of 1,000 head or more amounting to 11.1 million head, 102 percent of last year and the same as last month. Placements dropped in July to their lowest total for the month s...
Corn Argentina’s corn harvest continued to face delays due to high grain moisture and poor field conditions in some areas. Despite elevated moisture levels, an increasing number of farmers began harvesting as crop losses and lodging emerged. Harvest progress has now surpassed 80 percent b...
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.