May 23 Corn closed at $6.4925/bushel, down $0.1 from yesterday's close. May 23 Wheat closed at $7.2175/bushel, down $0.2875 from yesterday's close. Mar 23 Soybeans closed at $15.29/bushel, down $0.0525 from yesterday's close. May 23 Soymeal closed at $480/short ton, up $2 from yesterday's close. May 23 Soyoil closed at 61.22 cents/lb down 0.96 cents from yesterday's close. Apr 23 Live Cattle closed at $165.375/cwt up $0.05 from yesterday's close. Mar 23 Feeder Cattle closed at $189.075/cwt down $0.15 from yesterday's close. Apr 23 Lean Hogs closed at $86.025/cwt down $0.175 from yesterday's close. Apr 23 WTI Crude Oil closed at $76.57/barrel up $1.18 from yesterday's close. &nbs...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
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...
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.