Link to DTN article on crop progress and condition reports.
I said quite a bit more, of course, about the value of these reports. Just because data is subjective doesn't mean it doesn't have value or that you can't use it to estimate a number. I think people have used very simple techniques in the past, I'm doing something just a bit more precise and yes it isn't perfect but I'd put my record the last several years up against many of the industry folks.
I'll be re-estimating the model including last years data shortly and I should start with the yield and cropsize predictions starting the begining of June.
-Seth
Friday, April 2, 2010
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