Dec 24 Corn closed at $3.91/bushel, down $0.025 from yesterday's close. Dec 24 Wheat closed at $5.28/bushel, down $0.075 from yesterday's close. Nov 24 Soybeans closed at $9.73/bushel, up $0.115 from yesterday's close. Dec 24 Soymeal closed at $304.5/short ton, up $0.4 from yesterday's close. Dec 24 Soyoil closed at 40.38 cents/lb up 1.4 cents from yesterday's close. Oct 24 Live Cattle closed at $175.7/cwt down $0.2 from yesterday's close. Sep 24 Feeder Cattle closed at $238.575/cwt up $0.375 from yesterday's close. Oct 24 Lean Hogs closed at $80.55/cwt up $0.925 from yesterday's close. Oct 24 WTI Crude Oil closed at $74.91/barrel up $1.9 from yesterday's close. ...
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.