Dec 26 Corn closed at $4.9775/bushel, down $0.045 from yesterday's close. Dec 26 Wheat closed at $6.83/bushel, up $0.0025 from yesterday's close. Nov 26 Soybeans closed at $12.7825/bushel, down $0.0575 from yesterday's close. Dec 26 Soymeal closed at $347.5/short ton, down $5.8 from yesterday's close. Dec 26 Soyoil closed at 68.62 cents/lb up 1.24 cents from yesterday's close. Dec 26 Live Cattle closed at $221.475/cwt down $1.7 from yesterday's close. Nov 26 Feeder Cattle closed at $331.15/cwt down $5.2 from yesterday's close. Dec 26 Lean Hogs closed at $70.125/cwt up $1.2 from yesterday's close. Nov 26 WTI Crude Oil closed at $91.53/barrel down $1.34 from yesterday's close. ...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
Key Takeaways: The recent pearl-clutching from parts of the beef industry regarding the loss of the daily Kansas fed cattle negotiated trade pricing report is overwrought and ignores the fact that the direction was readily apparent. The shift away from negotiated trade has been well docu...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.