Dec 24 Corn closed at $4.135/bushel, up $0.1175 from yesterday's close. Dec 24 Wheat closed at $5.825/bushel, up $0.14 from yesterday's close. Nov 24 Soybeans closed at $10.3925/bushel, up $0.2725 from yesterday's close. Dec 24 Soymeal closed at $328.7/short ton, up $9.5 from yesterday's close. Dec 24 Soyoil closed at 41.84 cents/lb up 0.48 cents from yesterday's close. Dec 24 Live Cattle closed at $183.825/cwt up $0.625 from yesterday's close. Oct 24 Feeder Cattle closed at $244.475/cwt up $0.575 from yesterday's close. Dec 24 Lean Hogs closed at $74.875/cwt up $0.65 from yesterday's close. Nov 24 WTI Crude Oil closed at $70.63/barrel down $0.37 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.