Dec 24 Corn closed at $4.06/bushel, down $0.0125 from yesterday's close. Dec 24 Wheat closed at $5.69/bushel, up $0.005 from yesterday's close. Nov 24 Soybeans closed at $10.1425/bushel, down $0.0375 from yesterday's close. Dec 24 Soymeal closed at $324.1/short ton, down $0.9 from yesterday's close. Dec 24 Soyoil closed at 40.46 cents/lb down 0.02 cents from yesterday's close. Oct 24 Live Cattle closed at $176.925/cwt up $1.75 from yesterday's close. Oct 24 Feeder Cattle closed at $234.725/cwt up $3.775 from yesterday's close. Oct 24 Lean Hogs closed at $78.8/cwt down $0.7 from yesterday's close. Oct 24 WTI Crude Oil closed at $68.77/barrel up $0.06 from yesterday's close.  ...
The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focused on a wide range of bills, in keeping with the Make America Healthy Again (MAHA) agenda, ranging from anti–plant-based dairy produc...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt and Algeria, in addition to Israel, are being monitored by Ukraine as possible destinations for grain taken by Russia from occupied Ukrainian regions. In April, Egypt had said that it would “stop accepting such shipmen...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
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.