May 26 Corn closed at $4.5225/bushel, down $0.02 from yesterday's close. May 26 Wheat closed at $5.9825/bushel, up $0.0075 from yesterday's close. May 26 Soybeans closed at $11.635/bushel, down $0.05 from yesterday's close. May 26 Soymeal closed at $315.2/short ton, down $3 from yesterday's close. May 26 Soyoil closed at 68.94 cents/lb up 1.83 cents from yesterday's close. Jun 26 Live Cattle closed at $246.325/cwt up $1.975 from yesterday's close. May 26 Feeder Cattle closed at $370.625/cwt up $2.625 from yesterday's close. Jun 26 Lean Hogs closed at $104.475/cwt down $0.7 from yesterday's close. May 26 WTI Crude Oil closed at $111.56/barrel up $11.44 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.