Dec 23 Corn closed at $4.8825/bushel, down $0.0375 from yesterday's close. Dec 23 Wheat closed at $5.7275/bushel, up $0.045 from yesterday's close. Nov 23 Soybeans closed at $12.6425/bushel, down $0.0175 from yesterday's close. Dec 23 Soymeal closed at $374.6/short ton, up $2.5 from yesterday's close. Dec 23 Soyoil closed at 53.93 cents/lb down 1.42 cents from yesterday's close. Dec 23 Live Cattle closed at $185.35/cwt down $1.325 from yesterday's close. Nov 23 Feeder Cattle closed at $249.65/cwt down $1.225 from yesterday's close. Dec 23 Lean Hogs closed at $72.475/cwt down $1.1 from yesterday's close. Nov 23 WTI Crude Oil closed at $86.3/barrel up $3.51 from yesterday's close. ...
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.