Dec 21 Corn closed at $5.1025/bushel, down $0.005 from yesterday's close. Dec 21 Wheat closed at $7.095/bushel, down $0.1025 from yesterday's close. Nov 21 Soybeans closed at $12.795/bushel, up $0.025 from yesterday's close. Dec 21 Soymeal closed at $337.8/short ton, up $0 from yesterday's close. Dec 21 Soyoil closed at 57.49 cents/lb down 0.27 cents from yesterday's close. Oct 21 Live Cattle closed at $123.1/cwt down $0.65 from yesterday's close. Oct 21 Feeder Cattle closed at $159.275/cwt down $0.775 from yesterday's close. Oct 21 Lean Hogs closed at $87.375/cwt down $0.725 from yesterday's close. Oct 21 WTI Crude Oil closed at $69.36/barrel up $1.01 from yesterday's close. &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.