Genscape, the market leader in deploying patented and proprietary technologies specifically designed to capture fundamental data and increase transparency in otherwise opaque commodity markets, announces the results of recreating the USDA’s corn yield projections for the 2013 season and is issuing a cautionary alert to corn buyers, traders and other market participants.
Genscape’s sophisticated new LandViewer model uses a methodological tripod of high resolution satellite imagery, extensive on-the-ground surveillance, and proprietary algorithms to pinpoint corn yields at the farmland parcel, county, state, and national levels.
As of July 11th, the USDA projects average US corn yields of 156.5 bpa and 14 billion bushels of corn supply for the 2013 season. However, Genscape’s LandViewer model indicates that if USDA national predictions are to be achieved, it would have to correlate to significantly higher average yield production rates in key corn producing states, such as Iowa, Minnesota, Ohio, and Indiana.
Genscape’s updated 2013 county-by-county corn yield forecast will be announced on August, 6, 2013.