Dec 24 Corn closed at $4.2675/bushel, down $0.035 from yesterday's close. Mar 25 Wheat closed at $5.695/bushel, down $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.7775/bushel, down $0.1275 from yesterday's close. Dec 24 Soymeal closed at $287.7/short ton, down $1.7 from yesterday's close. Jan 25 Soyoil closed at 42.28 cents/lb down 1.08 cents from yesterday's close. Feb 25 Live Cattle closed at $187.425/cwt down $0.5 from yesterday's close. Jan 25 Feeder Cattle closed at $253.45/cwt up $1.125 from yesterday's close. Feb 25 Lean Hogs closed at $84.65/cwt up $0.175 from yesterday's close. Jan 25 WTI Crude Oil closed at $70.23/barrel up $1.48 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: 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...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...