Dec 23 Corn closed at $4.76/bushel, up $0.075 from yesterday's close. Dec 23 Wheat closed at $5.9225/bushel, up $0.22 from yesterday's close. Jan 24 Soybeans closed at $13.6575/bushel, up $0.0375 from yesterday's close. Dec 23 Soymeal closed at $449.8/short ton, up $2.4 from yesterday's close. Dec 23 Soyoil closed at 49.95 cents/lb up 0.46 cents from yesterday's close. Dec 23 Live Cattle closed at $179.4/cwt up $0.625 from yesterday's close. Jan 24 Feeder Cattle closed at $232.775/cwt up $1.95 from yesterday's close. Dec 23 Lean Hogs closed at $71.5/cwt down $1.4 from yesterday's close. Dec 23 WTI Crude Oil closed at $75.63/barrel down $1.74 from yesterday's close. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.