Dec 25 Corn closed at $4.415/bushel, up $0.0625 from yesterday's close. Dec 25 Wheat closed at $5.3575/bushel, down $0.0025 from yesterday's close. Jan 26 Soybeans closed at $11.47/bushel, up $0.1325 from yesterday's close. Dec 25 Soymeal closed at $328.4/short ton, up $7.4 from yesterday's close. Dec 25 Soyoil closed at 50.25 cents/lb down 0.37 cents from yesterday's close. Dec 25 Live Cattle closed at $219/cwt down $6.275 from yesterday's close. Jan 26 Feeder Cattle closed at $318.45/cwt down $9.025 from yesterday's close. Dec 25 Lean Hogs closed at $78.075/cwt down $2.55 from yesterday's close. Dec 25 WTI Crude Oil closed at $58.63/barrel up $0.14 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.