Jul 20 Corn closed at $3.23/bushel, down $0.03 from yesterday's close. Jul 20 Wheat closed at $5.305/bushel, down $0.1425 from yesterday's close. Jul 20 Soybeans closed at $8.395/bushel, down $0.0725 from yesterday's close. Jul 20 Soymeal closed at $292.6/short ton, down $0.5 from yesterday's close. Jul 20 Soyoil closed at 25.5 cents/lb down 0.54 cents from yesterday's close. Jun 20 Live Cattle closed at $82.625/cwt down $0.3 from yesterday's close. Aug 20 Feeder Cattle closed at $126.4/cwt up $0.025 from yesterday's close. Jun 20 Lean Hogs closed at $51.525/cwt down $0.1 from yesterday's close. Jun 20 WTI Crude Oil closed at $17.2/barrel up $0.7 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.