Jul 26 Corn closed at $4.405/bushel, down $0.035 from yesterday's close. Jul 26 Wheat closed at $6.03/bushel, down $0.0575 from yesterday's close. Jul 26 Soybeans closed at $11.6525/bushel, down $0.155 from yesterday's close. Jul 26 Soymeal closed at $326.2/short ton, down $0.3 from yesterday's close. Jul 26 Soyoil closed at 78.41 cents/lb down 0.68 cents from yesterday's close. Aug 26 Live Cattle closed at $239.65/cwt down $0.95 from yesterday's close. Aug 26 Feeder Cattle closed at $348.425/cwt down $3.125 from yesterday's close. Jul 26 Lean Hogs closed at $101.65/cwt up $1.8 from yesterday's close. Jul 26 WTI Crude Oil closed at $93.76/barrel up $1.6 from yesterday's close. ...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
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.