Jul 23 Corn closed at $5.885/bushel, up $0.085 from yesterday's close. Jul 23 Wheat closed at $6.3975/bushel, up $0.305 from yesterday's close. Jul 23 Soybeans closed at $14.175/bushel, up $0.0675 from yesterday's close. Jul 23 Soymeal closed at $424.9/short ton, down $3 from yesterday's close. Jul 23 Soyoil closed at 52.64 cents/lb up 0.85 cents from yesterday's close. Jun 23 Live Cattle closed at $161.65/cwt down $1.25 from yesterday's close. Aug 23 Feeder Cattle closed at $223.525/cwt down $2.65 from yesterday's close. Jun 23 Lean Hogs closed at $88/cwt down $1.95 from yesterday's close. Jun 23 WTI Crude Oil closed at $68.47/barrel down $3.19 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.