In a year when China’s appetite for feed grain is disrupting corn and soybean balance sheets worldwide and drought brought on by La Niña is hurting yields across the region, South America’s growing season bears watching closely. The region’s importance to global supplies was underlined in the USDA’s November WASDE report, which nearly doubled the estimate for Chinese corn imports in the upcoming year.
As a follow up to our webinar on South America's growing season, Gro hosted a technical review of our Brazil and Argentina Yield Models for corn and soy. The technical review discusses how we built the models and model features, model performance as backtested, and the use of crop masks. We also look at an analysis of how different yield scenarios in South America will impact global balance sheets and prices.