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S Illinois | With enough data points one can make reasonable estimates by applying a calibration factor. So if the average under estimate on farmer surveys is say 10 bu in Aug, a somewhat decent estimate can be made. Probably more of relic to data collection as it’s relatively cheap and easy to collect. Hopefully there is satellite data being used that provides better data and more accurate estimates. Even with that fact I am not sure the trade won’t keep trading the possibility of upper 180’s even if we get a 183 on the Aug report. I am sure they have access to the off the chart NDVI values for the corn belt states. | |
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Accuracy
