May 25 Corn closed at $4.62/bushel, up $0.0325 from yesterday's close. May 25 Wheat closed at $5.635/bushel, down $0.015 from yesterday's close. May 25 Soybeans closed at $10.0825/bushel, down $0.045 from yesterday's close. May 25 Soymeal closed at $297.7/short ton, down $2.2 from yesterday's close. May 25 Soyoil closed at 42.36 cents/lb down 0.18 cents from yesterday's close. Jun 25 Live Cattle closed at $202.85/cwt up $1.85 from yesterday's close. Apr 25 Feeder Cattle closed at $286.725/cwt up $2.175 from yesterday's close. Apr 25 Lean Hogs closed at $85.575/cwt down $2.025 from yesterday's close. May 25 WTI Crude Oil closed at $67/barrel up $0.25 from yesterday's close. ...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
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.