Dec 24 Corn closed at $4.0475/bushel, down $0.0025 from yesterday's close. Sep 24 Wheat closed at $5.4275/bushel, up $0.075 from yesterday's close. Nov 24 Soybeans closed at $10.36/bushel, down $0.07 from yesterday's close. Dec 24 Soymeal closed at $307.5/short ton, down $4 from yesterday's close. Dec 24 Soyoil closed at 43.97 cents/lb down 0.36 cents from yesterday's close. Aug 24 Live Cattle closed at $183.1/cwt up $0.85 from yesterday's close. Aug 24 Feeder Cattle closed at $255.6/cwt down $0.625 from yesterday's close. Aug 24 Lean Hogs closed at $91.575/cwt up $0.2 from yesterday's close. Sep 24 WTI Crude Oil closed at $78.64/barrel down $2.66 from yesterday's close. ...
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...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
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.