Dec 23 Corn closed at $4.7725/bushel, up $0.02 from yesterday's close. Dec 23 Wheat closed at $5.795/bushel, up $0.0375 from yesterday's close. Nov 23 Soybeans closed at $12.9625/bushel, up $0.025 from yesterday's close. Dec 23 Soymeal closed at $385.8/short ton, down $2.3 from yesterday's close. Dec 23 Soyoil closed at 59.62 cents/lb up 1.22 cents from yesterday's close. Dec 23 Live Cattle closed at $191.35/cwt up $1.85 from yesterday's close. Oct 23 Feeder Cattle closed at $259.15/cwt up $1.375 from yesterday's close. Dec 23 Lean Hogs closed at $72.175/cwt down $2.3 from yesterday's close. Nov 23 WTI Crude Oil closed at $90.44/barrel up $0.81 from yesterday's close. ...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.