Jul 26 Corn closed at $4.175/bushel, down $0.07 from yesterday's close. Jul 26 Wheat closed at $5.8/bushel, down $0.0175 from yesterday's close. Jul 26 Soybeans closed at $11.215/bushel, down $0.08 from yesterday's close. Jul 26 Soymeal closed at $308.5/short ton, down $5.2 from yesterday's close. Jul 26 Soyoil closed at 74.12 cents/lb down 2.17 cents from yesterday's close. Aug 26 Live Cattle closed at $241.65/cwt up $0.125 from yesterday's close. Aug 26 Feeder Cattle closed at $353.9/cwt up $0.525 from yesterday's close. Jul 26 Lean Hogs closed at $98.8/cwt down $2.8 from yesterday's close. Jul 26 WTI Crude Oil closed at $90.23/barrel down $2.81 from yesterday's close. ...
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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.