Mar 26 Corn closed at $4.215/bushel, down $0.2425 from yesterday's close. Mar 26 Wheat closed at $5.1125/bushel, down $0.06 from yesterday's close. Mar 26 Soybeans closed at $10.49/bushel, down $0.135 from yesterday's close. Mar 26 Soymeal closed at $298.3/short ton, down $5.4 from yesterday's close. Mar 26 Soyoil closed at 50.27 cents/lb up 0.58 cents from yesterday's close. Feb 26 Live Cattle closed at $235.25/cwt up $1.525 from yesterday's close. Mar 26 Feeder Cattle closed at $356.175/cwt up $1.475 from yesterday's close. Feb 26 Lean Hogs closed at $84.425/cwt down $0.875 from yesterday's close. Feb 26 WTI Crude Oil closed at $59.57/barrel up $0.45 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.