Jul 22 Corn closed at $7.6825/bushel, down $0.01 from yesterday's close. Jul 22 Wheat closed at $10.5025/bushel, down $0.2075 from yesterday's close. Jul 22 Soybeans closed at $16.985/bushel, down $0.09 from yesterday's close. Jul 22 Soymeal closed at $411/short ton, down $4.1 from yesterday's close. Jul 22 Soyoil closed at 78.28 cents/lb down 1.23 cents from yesterday's close. Aug 22 Live Cattle closed at $134.075/cwt up $0.2 from yesterday's close. Aug 22 Feeder Cattle closed at $171.3/cwt down $0.025 from yesterday's close. Jul 22 Lean Hogs closed at $106.625/cwt down $0.05 from yesterday's close. Jul 22 WTI Crude Oil closed at $118.86/barrel down $2.07 from yesterday's close. ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.