Mar 24 Corn closed at $4.5925/bushel, up $0.0425 from yesterday's close. Mar 24 Wheat closed at $6.1/bushel, up $0.1375 from yesterday's close. Mar 24 Soybeans closed at $12.485/bushel, up $0.03 from yesterday's close. Mar 24 Soymeal closed at $367.6/short ton, down $0.9 from yesterday's close. Mar 24 Soyoil closed at 48.45 cents/lb up 0.64 cents from yesterday's close. Feb 24 Live Cattle closed at $170.775/cwt up $0.825 from yesterday's close. Mar 24 Feeder Cattle closed at $224.875/cwt down $0.2 from yesterday's close. Feb 24 Lean Hogs closed at $71.875/cwt up $1.275 from yesterday's close. Feb 24 WTI Crude Oil closed at $72.08/barrel up $1.31 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.