Mar 26 Corn closed at $4.4525/bushel, up $0.07 from yesterday's close. Mar 26 Wheat closed at $5.405/bushel, up $0.0125 from yesterday's close. Jan 26 Soybeans closed at $11.315/bushel, up $0.0675 from yesterday's close. Jan 26 Soymeal closed at $320.4/short ton, up $0 from yesterday's close. Jan 26 Soyoil closed at 51.03 cents/lb up 0.38 cents from yesterday's close. Feb 26 Live Cattle closed at $212.925/cwt up $5.6 from yesterday's close. Jan 26 Feeder Cattle closed at $315.125/cwt up $8.05 from yesterday's close. Feb 26 Lean Hogs closed at $81.375/cwt up $2.375 from yesterday's close. Jan 26 WTI Crude Oil closed at $58.58/barrel up $0.63 from yesterday's close. ...
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.
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...