Dec 22 Corn closed at $6.0975/bushel, down $0.1025 from yesterday's close. Sep 22 Wheat closed at $8.0025/bushel, down $0.075 from yesterday's close. Nov 22 Soybeans closed at $14.06/bushel, down $0.625 from yesterday's close. Dec 22 Soymeal closed at $399.3/short ton, down $19.2 from yesterday's close. Dec 22 Soyoil closed at 63.26 cents/lb down 2.4 cents from yesterday's close. Oct 22 Live Cattle closed at $142.625/cwt up $0.4 from yesterday's close. Sep 22 Feeder Cattle closed at $183.1/cwt up $1.55 from yesterday's close. Oct 22 Lean Hogs closed at $96.825/cwt down $0.4 from yesterday's close. Sep 22 WTI Crude Oil closed at $93.81/barrel down $4.81 from yesterday's close. &n...
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.