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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[…]
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[…]
The heart of the 2019 US Grains season is rapidly approaching as corn and soybean planting finally gets underway in some parts of the Midwest. The CropProphet team has been very busy for many months with preparations for the 2019 season and in this post, we discuss the updates and improvements we are releasing for[…]
Impact of September Rain on Corn Yields September has begun with heavy precipitation falling in parts of the key corn growing state of Iowa. This has raised concerns on whether this could detrimentally impact corn yield. In order to quantify the potential impacts, we can examine historical CropProphet databases and end of season yields to[…]
One Minute Summary Throughout July the difference between our “year-to-date” forecast and the impact of the 14-day weather forecast suggested weather was supporting yield development. The last 5 days have seen this difference decrease. It’s likely the biggest increases in yields forecasts have already occurred. However, weather can still impact the final estimates of corn[…]