Jul 26 Corn closed at $4.315/bushel, down $0.09 from yesterday's close. Jul 26 Wheat closed at $5.8725/bushel, down $0.1575 from yesterday's close. Jul 26 Soybeans closed at $11.54/bushel, down $0.1125 from yesterday's close. Jul 26 Soymeal closed at $320.8/short ton, down $5.4 from yesterday's close. Jul 26 Soyoil closed at 78.71 cents/lb up 0.3 cents from yesterday's close. Aug 26 Live Cattle closed at $237.85/cwt down $1.8 from yesterday's close. Aug 26 Feeder Cattle closed at $342.625/cwt down $5.8 from yesterday's close. Jul 26 Lean Hogs closed at $102/cwt up $0.35 from yesterday's close. Jul 26 WTI Crude Oil closed at $96.34/barrel up $2.58 from yesterday's close. ...
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.
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...