Dec 21 Corn closed at $5.695/bushel, up $0.0025 from yesterday's close. Dec 21 Wheat closed at $8.125/bushel, up $0.095 from yesterday's close. Jan 22 Soybeans closed at $12.215/bushel, up $0.0475 from yesterday's close. Dec 21 Soymeal closed at $344.5/short ton, up $2.1 from yesterday's close. Dec 21 Soyoil closed at 59.14 cents/lb up 0 cents from yesterday's close. Dec 21 Live Cattle closed at $131.875/cwt down $0.125 from yesterday's close. Jan 22 Feeder Cattle closed at $159.075/cwt up $1.025 from yesterday's close. Dec 21 Lean Hogs closed at $75.375/cwt down $0.325 from yesterday's close. Dec 21 WTI Crude Oil closed at $81.18/barrel down $0.16 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.