Jul 19 Corn closed at $4.205/bushel, up $0.0575 from yesterday's close. Jul 19 Wheat closed at $5.1/bushel, up $0.1925 from yesterday's close. Jul 19 Soybeans closed at $8.6875/bushel, down $0.01 from yesterday's close. Jul 19 Soymeal closed at $315.9/short ton, down $1.8 from yesterday's close. Jul 19 Soyoil closed at 27.76 cents/lb up 0.54 cents from yesterday's close. Aug 19 Live Cattle closed at $104.8/cwt up $0.125 from yesterday's close. Aug 19 Feeder Cattle closed at $139.275/cwt down $0.175 from yesterday's close. Jul 19 Lean Hogs closed at $86.35/cwt up $0.075 from yesterday's close. Jul 19 WTI Crude Oil closed at $53.17/barrel up $1.49 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.