Jul 23 Corn closed at $6.0775/bushel, down $0.0475 from yesterday's close. Jul 23 Wheat closed at $6.3025/bushel, down $0.06 from yesterday's close. Jul 23 Soybeans closed at $13.8825/bushel, down $0.11 from yesterday's close. Jul 23 Soymeal closed at $389.7/short ton, down $7.8 from yesterday's close. Jul 23 Soyoil closed at 55.96 cents/lb up 0.53 cents from yesterday's close. Aug 23 Live Cattle closed at $170.975/cwt down $2.95 from yesterday's close. Aug 23 Feeder Cattle closed at $235.9/cwt down $4.55 from yesterday's close. Jul 23 Lean Hogs closed at $92.775/cwt up $2.175 from yesterday's close. Jul 23 WTI Crude Oil closed at $68.71/barrel down $0.71 from yesterday's close. ...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.