Mar 24 Corn closed at $4.2425/bushel, down $0.065 from yesterday's close. Mar 24 Wheat closed at $5.855/bushel, down $0.12 from yesterday's close. Mar 24 Soybeans closed at $11.705/bushel, down $0.1575 from yesterday's close. Mar 24 Soymeal closed at $343.3/short ton, down $1.5 from yesterday's close. Mar 24 Soyoil closed at 46.35 cents/lb down 0.95 cents from yesterday's close. Apr 24 Live Cattle closed at $184/cwt down $1.1 from yesterday's close. Mar 24 Feeder Cattle closed at $246.225/cwt down $1.775 from yesterday's close. Apr 24 Lean Hogs closed at $84.525/cwt up $3.45 from yesterday's close. Mar 24 WTI Crude Oil closed at $76.58/barrel down $1.29 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.