Three months ago, Main Street Data forecast final USDA soybean yield.
In addition to matching Main Street Data’s Progressive WeatherYield corn yield and harvested acres forecast, the final USDA report matches the soybean yield MSD forecast months ago.
Progressive WeatherYield soybean yield forecast of 47.0 foretold USDA numbers
In October, three months before the final number, Main Street Data’s Progressive WeatherYield tool forecast a soybean yield of 47.0 bushels per acre. On Friday, the USDA increased their numbers to match MSD data, with a final projected soybean yield of 47.4 bushels per acres. Just a few weeks ago, the USDA soybean yield was projected a half-bushel lower, at 46.9 bushels, while the MSD forecast of 47.0 bushels closely matching the final number has been in place for months.
Final USDA corn yield also adjusted to match Progressive WeatherYield forecast
One month prior, In late September – and four months before the final number – Main Street Data’s Progressive WeatherYield tool forecast a corn yield of 167.9 bushels per acre. On Friday, the USDA adjusted their corn yield to 168.0 bushels per acres, matching the MSD number almost exactly. Just a few weeks prior, the USDA number was a full bushel short of the MSD forecast, at 167.0 bushels per harvested acre.
Progressive WeatherYield consistently forecast USDA soybean and corn yield reports, throughout the 2019 season
As shown below, the USDA numbers for corn and soybean yield have been on target with the existing Progressive WeatherYield forecasts for months. The advantage for PWY subscribers is a twice-daily forecast that provides them with better information, sooner.
Progressive WeatherYield helps traders and producers know better about corn and soybean yield, especially in unpredictable conditions
The 2019 season was one of the most volatile ever for grain yields, with delayed planting caused by massive floods. The season “frequently tripped up analysts ahead of USDAs reports,” but Main Street Data’s Progressive WeatherYield tool remained steadfast, consistently forecasting each report well ahead of the USDA numbers.
2020 is shaping up to have an equally unstable start to the season, with saturated soil conditions laying the groundwork for another delayed planting year in several states. Progressive WeatherYield is a valuable tool for understanding these changing variables, with twice-daily corn and soybean forecasts.
Progressive WeatherYield forecast major USDA report yield numbers, in August, October, and year-end. See how Progressive WeatherYield can help you forecast yield sooner, and more accurately.
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