Dec 22 Corn closed at $6.8075/bushel, up $0.0325 from yesterday's close. Dec 22 Wheat closed at $9.12/bushel, down $0.095 from yesterday's close. Nov 22 Soybeans closed at $13.74/bushel, up $0.0925 from yesterday's close. Dec 22 Soymeal closed at $405.3/short ton, up $2.3 from yesterday's close. Dec 22 Soyoil closed at 63.34 cents/lb up 1.78 cents from yesterday's close. Dec 22 Live Cattle closed at $148.025/cwt up $0.975 from yesterday's close. Nov 22 Feeder Cattle closed at $176.05/cwt up $1.425 from yesterday's close. Dec 22 Lean Hogs closed at $77.725/cwt up $1.5 from yesterday's close. Nov 22 WTI Crude Oil closed at $83.28/barrel up $3.79 from yesterday's close. ...
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...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.