Dec 26 Corn closed at $4.48/bushel, down $0.01 from yesterday's close. Dec 26 Wheat closed at $5.995/bushel, up $0.0675 from yesterday's close. Jan 27 Soybeans closed at $12.3075/bushel, up $0.0275 from yesterday's close. Dec 26 Soymeal closed at $329.7/short ton, up $3.2 from yesterday's close. Dec 26 Soyoil closed at 63.88 cents/lb up 1.11 cents from yesterday's close. Dec 26 Live Cattle closed at $218.975/cwt down $0.225 from yesterday's close. Jan 27 Feeder Cattle closed at $327.8/cwt up $1.125 from yesterday's close. Dec 26 Lean Hogs closed at $56.025/cwt up $0.225 from yesterday's close. Dec 26 WTI Crude Oil closed at $86.36/barrel up $0.32 from yesterday's close. ...
Beef packer margins improved $86/head last week to $174/head as sharply lower fed cattle prices more than offset weakness in wholesale beef values. Live cattle prices fell $8.30/cwt to $215.43/cwt, while the Choice cutout declined $4.63/cwt to $361.15/cwt. Margins have recovered substantially f...
Key Takeaways: Alabama and Louisiana have requested partial waivers of 2027 Renewable Fuel Standard (RFS) requirements, arguing that rising compliance costs are contributing to higher fuel prices and economic hardship. Louisiana Governor Jeff Landry is encouraging neighboring states to join th...
Congress is back in session for the lame-duck period, which is beginning with several contentious issues, including the farm bill, a federal funding deadline, energy legislation, and impeachment proceedings against Pete Hegseth, the Secretary of War. Emblematic of the political uncertainty, the...
Russian Grain Markets: 2–6 November 2026 The Russian grain market remained relatively stable during the first week of November, although prices varied significantly by region. Prices were bearish in the Central, Black Soil and Southern Federal districts, while the Volga Valley, Urals and...
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.