Dec 24 Corn closed at $4.0575/bushel, down $0.07 from yesterday's close. Dec 24 Wheat closed at $5.655/bushel, down $0.1025 from yesterday's close. Nov 24 Soybeans closed at $10.1325/bushel, down $0.0075 from yesterday's close. Dec 24 Soymeal closed at $321.6/short ton, up $0.2 from yesterday's close. Dec 24 Soyoil closed at 40.93 cents/lb up 0.62 cents from yesterday's close. Dec 24 Live Cattle closed at $181.125/cwt up $1.275 from yesterday's close. Oct 24 Feeder Cattle closed at $243.775/cwt up $3.825 from yesterday's close. Oct 24 Lean Hogs closed at $82.25/cwt up $0.2 from yesterday's close. Nov 24 WTI Crude Oil closed at $71.05/barrel up $1.17 from yesterday's close.  ...
Corn Argentina’s corn harvest remains virtually stalled as producers continue prioritizing the soybean harvest, which has advanced rapidly in recent weeks. During the past week, corn harvest progress increased only two percentage points, while soybean harvest advanced more than 30 percent...
With no bullish surprise out of Beijing this week and good weather taking over many global crop areas, funds spent the past couple of days selling off the peak positions they had built. CNN’s Live Updates blared, “No signs Trump and Xi resolved any thorny challenges.” By...
The long-awaited meeting between President Trump and President Xi of China has concluded, and details are elusive, though Trump stated today that he and Xi made some “fantastic” trade deals. Both countries reported the meetings as a success, but that has more to do with positioning...
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.