May 22 Corn closed at $7.53/bushel, down $0.0325 from yesterday's close. May 22 Wheat closed at $11.1825/bushel, down $0.01 from yesterday's close. May 22 Soybeans closed at $16.965/bushel, up $0.055 from yesterday's close. May 22 Soymeal closed at $476.8/short ton, down $4.5 from yesterday's close. May 22 Soyoil closed at 74.54 cents/lb up 0.83 cents from yesterday's close. Jun 22 Live Cattle closed at $135.7/cwt down $0.65 from yesterday's close. Apr 22 Feeder Cattle closed at $160.575/cwt down $0.625 from yesterday's close. Jun 22 Lean Hogs closed at $120.075/cwt up $0.25 from yesterday's close. May 22 WTI Crude Oil closed at $108.78/barrel down $1.19 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.