Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close. Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close. Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close. Dec 25 Soymeal closed at $284/short ton, down $0.7 from yesterday's close. Dec 25 Soyoil closed at 50.62 cents/lb down 0.51 cents from yesterday's close. Oct 25 Live Cattle closed at $233.575/cwt up $1.2 from yesterday's close. Oct 25 Feeder Cattle closed at $354.1/cwt up $2.375 from yesterday's close. Dec 25 Lean Hogs closed at $87.625/cwt down $0.075 from yesterday's close. Nov 25 WTI Crude Oil closed at $62.37/barrel down $0.89 from yesterday's close. ...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.