Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close. Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close. Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close. Jul 25 Soymeal closed at $294.1/short ton, down $0.6 from yesterday's close. Jul 25 Soyoil closed at 48.57 cents/lb up 0.12 cents from yesterday's close. Jun 25 Live Cattle closed at $214.675/cwt up $0.425 from yesterday's close. Aug 25 Feeder Cattle closed at $300.3/cwt down $0.95 from yesterday's close. Jun 25 Lean Hogs closed at $97.575/cwt up $0.4 from yesterday's close. Jun 25 WTI Crude Oil closed at $60.96/barrel up $1.05 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.