Dec 24 Corn closed at $4.19/bushel, down $0.075 from yesterday's close. Dec 24 Wheat closed at $5.3025/bushel, down $0.1075 from yesterday's close. Jan 25 Soybeans closed at $9.875/bushel, down $0.2025 from yesterday's close. Dec 24 Soymeal closed at $287/short ton, down $4.6 from yesterday's close. Dec 24 Soyoil closed at 44.44 cents/lb down 0.74 cents from yesterday's close. Dec 24 Live Cattle closed at $182.95/cwt down $1.075 from yesterday's close. Jan 25 Feeder Cattle closed at $243.2/cwt down $0.45 from yesterday's close. Dec 24 Lean Hogs closed at $80.1/cwt down $1.775 from yesterday's close. Dec 24 WTI Crude Oil closed at $68.59/barrel up $0.16 from yesterday's close. ...
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.
What You Need to Know Today: After a volatile weekend with Israel and Iran launching attacks at each other, peace seems to have returned to the region after President Trump called for both sides to cease hostilities. Soybean trade remains defensive as funds are liquidating longs amid no signs...
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Key Takeaways: Mexico's drought intensified from 2022 to 2024, with critically low reservoir levels in Sinaloa driving a sharp decline in corn production. Sinaloa produces roughly one-quarter of Mexico's corn crop and is the country's leading supplier of white corn used for staple foods such a...