Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close. Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close. Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close. Jul 26 Soymeal closed at $319.1/short ton, up $2.6 from yesterday's close. Jul 26 Soyoil closed at 71.33 cents/lb up 0.28 cents from yesterday's close. Jun 26 Live Cattle closed at $245.225/cwt up $1.725 from yesterday's close. Aug 26 Feeder Cattle closed at $361.775/cwt up $2.425 from yesterday's close. Jun 26 Lean Hogs closed at $101.9/cwt down $1.55 from yesterday's close. Jun 26 WTI Crude Oil closed at $95.28/barrel down $0.57 from yesterday's close. ...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.