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[…]
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[…]
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[…]
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[…]
Causes of Corn Yield Variations There are two primary causes of corn yield per acre variations at the regional level in the United States. This also hold true for soybean yield per acre. They causes of variation are: The Technology Trend – many types of technology is improving yields for both soybeans and corn. The[…]
One Minute Summary What Crop has the monthly contribution to forecasting accuracy in the accompanying chart? Yield Forecasting Accuracy The primary crop growing season in the United States starts in late Spring and ends in the early Fall. While each days weather is different, each day also helps the crop grow. Some months of the[…]