Dec 19 Corn closed at $3.8675/bushel, down $0.01 from yesterday's close. Dec 19 Wheat closed at $5.16/bushel, down $0.0475 from yesterday's close. Nov 19 Soybeans closed at $9.3325/bushel, down $0.005 from yesterday's close. Dec 19 Soymeal closed at $305.6/short ton, down $3 from yesterday's close. Dec 19 Soyoil closed at 31.34 cents/lb up 0.76 cents from yesterday's close. Dec 19 Live Cattle closed at $114.725/cwt down $0.525 from yesterday's close. Jan 20 Feeder Cattle closed at $140.575/cwt down $0.625 from yesterday's close. Dec 19 Lean Hogs closed at $64.55/cwt down $1.275 from yesterday's close. Dec 19 WTI Crude Oil closed at $56.19/barrel up $0.22 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.