Mar 23 Corn closed at $6.4725/bushel, down $0.0575 from yesterday's close. Mar 23 Wheat closed at $7.485/bushel, down $0.05 from yesterday's close. Jan 23 Soybeans closed at $14.6075/bushel, down $0.1925 from yesterday's close. Mar 23 Soymeal closed at $446.1/short ton, down $14.1 from yesterday's close. Jan 23 Soyoil closed at 64.41 cents/lb up 1.05 cents from yesterday's close. Feb 23 Live Cattle closed at $156.05/cwt up $0.275 from yesterday's close. Jan 23 Feeder Cattle closed at $182.1/cwt down $1.675 from yesterday's close. Feb 23 Lean Hogs closed at $85.7/cwt down $0.075 from yesterday's close. Jan 23 WTI Crude Oil closed at $75.66/barrel up $1.37 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.