Corn Buyers and Sellers Make Timely and Accurate Decisions with Industry’s Closest Yield Forecast, Made Available 6 Days in Advance of USDA Announcement

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Genscape LandViewer predicts USDA corn yield number within 0.4 bushel

Genscape landviewer corn yield forecast data

Genscape’s probabilistic modeling results, released to clients 6 days prior to the USDA data revisions showing the predicted yield of 171.3 bushels/acre.

Clearly our probabilistic model, which is trained with 10 years of satellite and weather variables, performed extremely well this year. - Dr. Steffen Mueller, Director of Agriculture Analytics

Genscape LandViewer clients were well prepared when the United States Department of Agriculture (USDA) came out with a surprising, record-breaking corn yield forecast with an increase of over four bushels to 171.7 bushels/acre on September 11, 2014. The LandViewer team of agronomists, statisticians, and analysts had been predicting record yields since late July. During their September 5th client-only webinar, LandViewer had predicted the yield at 171.3, just 0.4 bushel off from the USDA’s number announced six days later. The LandViewer team also predicted yield above 170 in early August when the USDA came out with a forecast of only 167.4.

“We were very pleased to offer our clients these estimates well ahead of USDA to help them make timely, accurate corn purchasing and selling decisions. A mathematical model that properly accounts for the resilience of advanced corn hybrids and an experienced team of 12 crop consultants for ground assessments made this possible,” commented Dr. Steffen Mueller, Genscape’s Director of Agriculture Analytics. Corn prices have slowly declined since September of last year with the record harvest forecasts, dropping 2% on Thursday after the USDA numbers were released. “Clearly our probabilistic model, which is trained with 10 years of satellite and weather variables, performed extremely well this year.”

For more information about LandViewer, to view the slides from the recent client-only webinar or to request a custom consultation visit http://info.genscape.com/landviewer-national-accuracy-2014

About Genscape
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com

For all press inquiries please contact:
Molly Hislop
Marketing Communications Manager
Office: +1 617 790 0903
mhislop(at)genscape(dot)com

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Jaimie Weiss
Genscape, Inc.
+1 (617) 790-0959
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