Gro's Yield Model predicts Brazil soybean yields: 🟢 Higher than avg (green), 🟠 Lower than avg (orange), ⚪ Avg (white).
Erratic rainfall, linked to El Niño, affects central states' precipitation.
Gro's daily district-level updates use ML for accurate predictions. #cotw
Below-average rainfall in major US egg-producing regions (🔴) over the past month is curbing the spread of avian flu (HPAI) and stabilizing egg prices for holiday baking. Map via Gro's Climate Risk Navigator highlights the impact.
As Halloween approaches, candy prices are spiking, in part due to El Niño. Gro's CPI app reveals a 10.2% YoY rise in milk chocolate bar ingredients (purple line). Cocoa (blue line) surged by 55%, while sugar (orange line) rose by 28%. Learn more: bit.ly/3ZAzII1 🎃🍫
Mississippi River water levels are below normal for a 2nd year in a row, disrupting shipments of grain & fertilizers. Watch this time-lapse video of the Gro Drought Index showing the dry conditions in the river’s basin that caused water levels to recede. bit.ly/3ZyhwPh
US meat prices have been one of the most volatile elements driving food costs in the past couple of years. Wholesale prices for US Choice Beef Cutout, shown in red in this chart, are at or near record highs for much of 2023. Read more from Gro here: bit.ly/3Rfh4Du
India's monsoon rains in August were far below historical averages in much of the country. That could hurt production of important crops such as soybeans and sugar and impact commodity supply chains globally. Read more from Gro Intelligence here: bit.ly/3qVXcL1
Gro's US Corn Yield Forecast Model has rebounded after an exceptionally poor June and an exceptionally good July. Watch this time-lapse video showing where yields have risen above historical averages and where yields continue to lag.
Fire risk conditions intensified in Maui for months before devastation struck, Gro’s Fire Weather Index shows. Read more here: bit.ly/3KEaIcG#ClimateRisk
Declines in the Gro Intelligence US Corn Yield Forecast Model have anticipated corn futures price gains. Gro's machine-learning model's yield projections have dropped since early June as drought spreads across the Corn Belt.
Read more here: bit.ly/3XtFies
Gro has launched a new Climate Indicator for Water Stress (GCI - Water Stress) to assess the levels of water stress regions are facing worldwide. Join us in prioritizing the protection of our planet's water resources and read more: bit.ly/40qvUrP 🌎 #HappyEarthDay
After three consecutive years, La Niña is forecasted to end soon, with El Niño potentially setting in later this year.
To find out about the most likely impacts on global crop production based on historical La Niña and El Niño patterns, click here: bit.ly/40eA2w9
In Gro’s latest performance report, we found that our Global Yield Forecast and Acreage Models are on average within 95%-98% of final government reporting up to 10 months in advance.
Download Gro’s 2022 performance report here to see more: bit.ly/3XJBIvJ
Gro has used the data and models in our platform to assess the principal factors that will determine the direction of agricultural markets and inventories and project what 2023 holds in store.
Discover Gro's 2023 Watchlist below and read about it here: bit.ly/3Gwityt
Even as anti-government demonstrations blaze across #Iran, continuing #drought raises the risk of a poor #wheat#harvest, and higher #prices, for a second year in a row.
Read Gro’s analysis of Middle East wheat prospects here: bit.ly/3gTN4wB
On Monday, October 17, at 10AM CEST Gro's CEO @SaraMenker will be joining a panel discussion at @Bayer4Crops upcoming event "Fields of Opportunity: feeding the world, protecting the planet."
Join us live here: webcast.bayer.com/fields-opp…#sustainableagriculture
#HurricaneIan ripped through southwest #Florida last Wednesday, claiming at least 100 lives and ravaging the primary winter growing region for domestically grown US #tomatoes.
Read more on the impact of post-hurricane replantings on US #prices here: bit.ly/3T3AJ7b
Gro is collaborating with @RockefellerFdn to make real-time agricultural data on African countries publicly available to all. With the newly launched Food Security Tracker for Africa, navigate the impact of the current global food crisis: bit.ly/3wqcKX7#foodsecurity
With support from @RockefellerFdn, Gro has launched the Food Security Tracker: Africa, the first publicly available interactive tool that provides real-time agricultural data on major crops for 49 African countries.
Visit the tool here: bit.ly/3wvKJgI#foodsecurity
#Brazil’s corn production outlook has deteriorated as Gro’s Drought Index ticks higher in the major growing states of #MatoGrosso and #Goias. Concerns also are mounting for the US #corncrop amid the slowest planting progress in 9 years.
Read more here: bit.ly/3OUG0fP
As #wheat supplies tighten, record snow in the #US northern Plains has crippled spring wheat #planting, while #drought threatens winter wheat farther south. A jump in #Canada's spring wheat acreage could boost #harvests. Read more: bit.ly/3MvHmvE
Kazakhstan plans to cap #wheat exports, making it the latest country holding back supplies to ensure domestic food security. Indonesia, Russia, Turkey and others have also restricted exports of essential food commodities. Watch our webinar on wheat supply: bit.ly/35OW5Sy
US winter #wheat crop conditions are the weakest in two decades due to persistent #drought in the southern Plains. Gro’s yield model is pointing to a double-digit-percentage drop in production of hard red winter wheat, which makes up 40% of total US wheat: bit.ly/38CgpYF
#Cotton futures prices are up 70% from a year ago, reaching a new 10-year high, amid poor crop outlooks in the #US and #India and strong global buying interest, especially from #China.
Read more: bit.ly/3JTGm3F#supplychain
#Argentina lifted an export freeze on #soybeanoil and meal, but raised its export tax on both products to 33% from 31%. The move increases global vegetable oil costs at a time when the war in #Ukraine has cut off shipments from that country. See more: bit.ly/36wdGie
World #cocoa stocks are set to plunge 9.5%, ICCO announced. Top growing regions in West Africa continue to experience the driest conditions in at least 12 years, Gro’s Drought Index shows.
Read more: bit.ly/35L5Ktt#drought#climate#supplychain
Join us tomorrow to see Gro's forecast of US planting intentions for the 2022 season, weeks ahead of the USDA’s official Prospective Plantings report.
Register for the webinar here: bit.ly/36WNyxf#corn#soybeans#supplychain
#Avocado prices jumped as much as 17% after the US halted Mexican imports. Shortages could emerge early next week unless a Mexico/US agreement to reopen the border is reached. This chart ⬇️ shows wholesale costs of avocado cases at Chicago terminals. #avocadoban#supplychain
Drought-hit North Africa, the world’s biggest wheat importing region, will import a record 29 million tonnes of #wheat in 2022, revised USDA estimates show. Gro’s Drought Index shows ‘severe’ #drought in Algeria and ‘extreme’ drought in Morocco and Tunisia.
#supplychain#trade
Big producers #Brazil and #Argentina are headed for smaller #corn harvests, Gro’s machine-learning models show. That could lead to additional export business rolling back up to the United States for 2021/22, and also into 2022/23.
Increasingly dry conditions in Argentina have driven Gro model's #corn production forecast down 13% in the week ending Jan. 19. Gro's forecast now sits 27% below the USDA's projection.
See the live yield forecast and #drought index here: bit.ly/3KkihDH#supplychain
Gro’s newly launched Climate Risk Navigator for Agriculture discovers and explores the risks and opportunities that #climatechange poses to current and future operations and business plans.
Read more: bit.ly/3EupZYo#climaterisk#agtech
Today’s hefty #chicken margins may push up supplies and pressure prices for the next 2 years. Join us tomorrow, December 2, at 10am ET to see how to make better-informed decisions around chicken purchasing.
Register here: bit.ly/3Dci8xa#grocery#retail
Supply, demand, and trade determine a country's stocks-to-use and are a key driver of price. Join us tomorrow at 10:00 am ET to see how to leverage Gro’s supply and demand estimates to make more effective decisions. Register here: bit.ly/3wUibMN#soy#corn#wheat
#Coffee prices, while down 7% in two weeks, are still high, amid concerns that Brazil’s coffee crop troubles aren’t all resolved. Monitor the crop here: bit.ly/3EEsnvy
#Production and #price can now be monitored with a systematic, unbiased view by location. Join us Thursday, November 4, at 10AM ET to see how to get time-to-market edge with earlier, location-specific supply and price information. Register here: bit.ly/3mBHShi#corn#soy
Our Gro For Good program is committed to bringing our AI-driven analytics and domain expertise to teams working within academia and those working for the public good. We welcome the opportunity to provide speakers at academic events.
Read more here: bit.ly/3bqJ0hn
Gain a systematic and unbiased view of local production and price with Gro’s newly launched Supply Location Monitor.
Read about the app here: bit.ly/3vQWE6S#corn#soy#wheat#supplychains
This year, our Gro for Good program supported several teams in the 2021 @PSUNittanyAI Challenge. Students used Gro data to build real-world solutions for the agricultural and climate challenges facing the world today.
Read more here: bit.ly/3ifd03M.