Dec 19 Corn closed at $3.8925/bushel, down $0.0075 from yesterday's close. Dec 19 Wheat closed at $5.16/bushel, up $0.0725 from yesterday's close. Jan 20 Soybeans closed at $9.3675/bushel, up $0.045 from yesterday's close. Dec 19 Soymeal closed at $303.9/short ton, down $0.5 from yesterday's close. Dec 19 Soyoil closed at 31.03 cents/lb up 0.28 cents from yesterday's close. Dec 19 Live Cattle closed at $119.525/cwt up $2.3 from yesterday's close. Jan 20 Feeder Cattle closed at $146/cwt up $1.325 from yesterday's close. Dec 19 Lean Hogs closed at $64.45/cwt down $1.55 from yesterday's close. Dec 19 WTI Crude Oil closed at $56.15/barrel up $1.97 from yesterday's close. ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.