Dec 26 Corn closed at $5.3675/bushel, down $0.0625 from yesterday's close. Dec 26 Wheat closed at $7.1725/bushel, down $0.095 from yesterday's close. Nov 26 Soybeans closed at $13.255/bushel, down $0.025 from yesterday's close. Dec 26 Soymeal closed at $370.7/short ton, up $2.3 from yesterday's close. Dec 26 Soyoil closed at 67.92 cents/lb down 0.93 cents from yesterday's close. Dec 26 Live Cattle closed at $219.45/cwt down $2.55 from yesterday's close. Oct 26 Feeder Cattle closed at $328.025/cwt down $2.225 from yesterday's close. Dec 26 Lean Hogs closed at $71/cwt up $1.2 from yesterday's close. Nov 26 WTI Crude Oil closed at $89.57/barrel down $2.8 from yesterday's close. ...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
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.