Tuesday, July 13, 2010

Week 15

Just as a reminder, the large spreadsheet with the state by state numbers for the corrected and uncorrected model is available at the link below. I included the yield and production numbers from the latest WASDE report on the graph. No updates on yields for corn and soybeans, but the production numbers do reflect the updated area for these two crops. I discussed the updated cotton numbers in my previous post. The corrected model was spot on relative to the USDA and much closer than the trade estimates (green dots), which at this early stage probably means little other than the crop in the field has really great potential.

There was overall improvement in all three crops this week. Nothing dramatic in the aggregates, some changes on a state by state basis.

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