Well you have all had an eventful week now, haven't you?!
Haven't done a forecast in a while but if I did one now I bet it would be big.
I bet you can just ask the AI now and get a pretty good forecast.
Good luck out there! 🤞
U.S. #corn yield falls 0.6 bu/acre from last month's forecast to 171.9. Illinois is expected to tie it's prior record, though lower yields in the Plains - Nebraska, South Dakota, Kansas - brought down the average.
@RCortesB R-squared 0.99
I do update the acreage after the June report. I do not update the acreage after the June report, although arguably I should since NASS updated it in September this time.
Weather in the late part of the season does not improve the accuracy of the model.
To combat rising hunger, Bill Gates argues for what he calls "magic seeds," which are modified to increase yields or resist pests. But some experts warn the technology is too slow to develop and conflicts with goals to reduce emissions. https://t.co/CAFPIMtfvz
@schuelkecorn@HarvestTrader and to your comments about your crop, yes, i agree, long way to go. our model is based on data about the nationwide crop over 30+ years. it can't predict an individual crop or a state level result. but it's good at filtering out the regional variations to get a national number
Crop Consultant Dr. Michael Cordonnier cut his corn yield forecast by 3 bu. to 170 bpa amid the continued decline in crop condition ratings, persistent dry conditions in areas of the western Corn Belt & confirmation of lower yields from recent crop tours, including ours.
#pfnews
@schuelkecorn@HarvestTrader The more precise thing to say is that adding more data from the late part of the growing season doesn't really improve the forecast model