corn monthly prices $/mt 2002-2012 wheat monthly price$/mt 2002-2012 soybeans monthly price $/mt...

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Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002- 2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and Wheat Highlighting Current Prices

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Page 1: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Corn Monthly Prices $/MT 2002-2012

Wheat Monthly Price$/MT 2002-2012

Soybeans Monthly Price $/MT 2002-2012

Monthly Market Prices of Corn, Soybeans and WheatHighlighting Current Prices

Page 2: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Crop Statistics from International Agencies

Colors indicate different agenciesSquares indicate reported end of season estimatesCircles indicate in-season forecasts

First time estimates from international agencies are directly compared in forecasting mode

Goal is to identify agreements and disagreements to help develop best practices for different cropping systems improved, more reliable forecasting systems

Page 3: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Need for Improved Agricultural Intelligence

International recognition of critical need for improved information including at the World Summit on Food Security

2009, G20 Action Plan on Food Price Volatility and Agriculture, 2011

official statement of The Extraordinary Joint Intersessional meeting of the Intergovernmental Group (IGG/FAO) on Grains, Rome 2010:

“Unexpected price hikes and volatility are amongstmajor threats to food security and their root causes

need to be addressed, in particular regarding the lackof reliable and up-to-date information on crop supply

and demand and export availability….”

Page 4: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and
Page 5: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

The G20 Initiative: GEO-GLAM

The G20 Cannes Summit (November 2011) Action Plan on Food Price Volatility and Agriculture Reaffirmed GEOGLAM commitment at the 2012 G-20 Los Cabos Declaration & in Agriculture Ministers Report

Page 6: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Cropmask Sources: USGS NLCD (USA), CORINE (Europe), Africover (Africa), South Africa, Zimbabwe (national products), MODIS UMD MCD12q1 (rest of world). compiled by UMD

WHERE?

Page 7: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Data Source: IIASA, Ecosystems Services & Management, based on interpolation of 50,000 GEOWIKI collected validation points

AT WHAT LEVEL OF DETAIL(SPATIAL RESOLUTION)?

Page 8: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Data source: UMD crop calendar (USA), SAGE crop calendar (rest of world)

WHEN?

Page 9: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Data source: UMD crop calendar (USA), SAGE crop calendar (rest of world)

WHEN?

Page 10: Corn Monthly Prices $/MT 2002-2012 Wheat Monthly Price$/MT 2002-2012 Soybeans Monthly Price $/MT 2002-2012 Monthly Market Prices of Corn, Soybeans and

Data source: UMD, based on MODIS Terra data from 2000-2011

HOW OFTEN?