The 2019 growing season came to an abrupt end across large parts of the U.S. Plains and Upper Midwest between October 11 and October 14, 2019, as a dramatic early-season blizzard developed across North Dakota and unusual cold spread across many states. Snow accumulations of up to 36” occurred in North Dakota in tandem with[…]
Introduction Over the past 20 years, Brazil has emerged in the global agriculture industry as both a major producer and exporter of agricultural products. Agricultural production in Brazil has exploded over this time and its impact on global markets has been significant. As shown below, Brazil has become the number two producer of soybeans by[…]
World Soybean Production According to data from the UN Food and Agriculture Organization, the world produced 352,643,549 tonnes of soybean in 2017. That is equal to 12,957,428,771 bushels of Soybeans. 12 Billion bushels. “Soybean is an important source of food, protein, and oil” Soybean Production World Rankings The top 10 greatest producers of soybean, according[…]
Comparing USDA August Corn Yield Forecasts On Monday, August 12th, 2019 the USDA increased its national estimate of the end of season corn yield (to be reported in January 2020) from 166.0 bpa to 169.5 bpa, an increase of 3.5 bpa. USDA’s estimate of corn planted acreage was revised downwards by less than 2% to[…]
There has been significant discussion recently regarding the possible impact of the developing heatwave on corn yield. While the heat will be very excessive for a few days, it is occurring prior to corn pollination (silking) in most growing areas, and therefore the yield impacts will be less than they would be if silking was[…]
Introduction The most popular question from customers and prospective customers of CropProphet this year is “how do you account for the late planting delays in your yield forecasts?” This post addresses that question by looking at the performance of CropProphet in prior late planting years. May 2019 = Wet in the Midwest At this point[…]
This post discusses a new quantification: direct calculation of the corn and soybean yield impacts from the 12Z GFS weather model forecast.
In this post, we discuss the importance of calculations showing the magnitude of weather variables such as precipitation and growing degree days that have occurred or is being forecast to occur.
The daily corn and soybean futures markets can be impacted by the changes in the weather forecast from one day to the next. Why? Because market participants react to changes in the weather forecast and what those changes imply for corn and soybean yields. But most people are guessing what the impact of the weather[…]
Prescient Weather, the creator of CropProphet, also offers a long-range forecast and analysis tool called the World Climate Service. Our company focuses on developing market-leading, scientifically-based climate information services. CropProphet is an excellent example of a climate information application because annual crop yields are dependent on weather conditions over an entire crop season. In other[…]
