Dec 26 Corn closed at $4.62/bushel, up $0 from yesterday's close. Sep 26 Wheat closed at $6.3975/bushel, up $0.085 from yesterday's close. Nov 26 Soybeans closed at $11.7625/bushel, down $0.015 from yesterday's close. Dec 26 Soymeal closed at $313.4/short ton, down $3.2 from yesterday's close. Dec 26 Soyoil closed at 67.88 cents/lb up 0.51 cents from yesterday's close. Oct 26 Live Cattle closed at $225.275/cwt up $0.35 from yesterday's close. Sep 26 Feeder Cattle closed at $345.225/cwt up $3.65 from yesterday's close. Oct 26 Lean Hogs closed at $82.225/cwt up $0.5 from yesterday's close. Sep 26 WTI Crude Oil closed at $76.98/barrel down $0.31 from yesterday's close. ...
What You Need to Know Today: Traders are increasingly focused on next Wednesday’s August WASDE report, with corn and soybean yield estimates expected to drive the next major move in grain markets. Recent crop condition declines and late-July heat have increased uncertainty around USDA&rs...
Yesterday the Senate Agriculture Committee held its markup of the “skinny” farm bill, and it was derailed over Democratic opposition to plans for imposing food stamp costs on state governments. The Democrats pushed back on a provision that required states to pick up a larger share o...
Key Takeaways: WPI’s 2025/26 corn export models continue to reflect strong international demand and put the total marketing year volume slightly above USDA’s estimates. Strong old crop corn exports are offset by weaker feed and residual use, leaving ending stocks slightly ele...
Last week we reviewed an overlooked measure: agricultural productive capital. Using some Bureau of Economic Analysis (BEA) data, we developed an index of gross capital investment, which showed a major investment surge in agricultural equipment purchases in 2012–2014. Farm investments peak...
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.