What criteria do you use to select companies and make stock investment decisions? You probably consider a variety of factors, including the company\'s financial health and market outlook. But what if you could get accurate future information before others? What decisions would you make then?

The United States Department of Agriculture\'s (USDA) crop yield forecast reports provide vital data for crop market commodity traders. These reports help to make investment and operational decisions, shape market dynamics, and play an important role in developing agricultural policies.

Among the numerous crops, corn is used for a wide range of applications, including food, industrial raw materials, and renewable fuel. Changes in corn yield can impact supply, prices, and production costs in related industries. As a result, stakeholders in agriculture and related sectors strive severely to obtain corn yield forecast data in advance.

NaraSpace developed its own corn yield forecast model and publishes corn yield forecast reports from August to December each year. One advantage of NaraSpace\'s corn yield forecast reports is that they are released up to 72 hours before the USDA\'s reports, allowing market participants and stakeholders to access prediction information earlier.

Corn Yield Forecast Model

Last year, NaraSpace created models to forecast the monthly corn yield in the U.S. Corn Belt area, which generates roughly 90% of the whole U.S. corn output. The forecasted data from those models showed accuracy up to 93% in corn yield forecasts when compared with the real data published by the USDA.

We continued after that. The forecast model for 2024 has been modified with various performance improvements. Let\'s take a look at what changes have been made to improve its performance and how much the model\'s accuracy has improved over time.

Monthly Optimization

Corn in the U.S. is sown from April to May, grows from June to August, and is harvested from September to November.

NaraSpace\'s corn yield forecast model utilizes a comprehensive analysis of satellite imagery, weather conditions, and soil information throughout the entire growth and harvest period for corn in the U.S. The prior forecast model utilized a singular model to produce forecasts from August to December. However, the improved 2024 forecast model has incorporated the crop growth cycle to increase the accuracy of the forecasts.

A new corn yield forecast model that has revolutionized the grain market.

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