Astrium’s GRAIN service shows US corn yields are lower than expected

Posted on 23, November 2012 by | This entry was posted in Agriculture, Business, Switzerland, Technology, Telecom. Bookmark the permalink.
  • Astrium Services’ GRAIN (Global Risk Agricultural INtelligence), a unique technology combining satellite imagery processing, agronomic and meteorological models, has computed the 2012 absolute U.S. corn yield at 116.0 bushels per acre
  • A complete range of applications will be derived from these technologies to better address the global requirements of the agro services industry: crop insurance, physical sourcing and distribution…
  • Data coming from these unique, absolute and independent models cannot be considered as comparable to current assumptions and methodologies used by traditional players and institutions

Geneva, 23-11-2012 — /europawire.eu/ — Astrium, Europe’s leading space company, estimates 2012 U.S. corn yield at 116.0 bushels per acre which is at the lower end of current industry expectations. This forecast announced during Global Grain Geneva 2012, the world’s premier agricultural industry congress, is based on Astrium Services’ GRAIN (Global Risk Agricultural Intelligence), a unique technology combining satellite imagery processing, agronomic and meteorological models developed over several years. The GRAIN service predicted this very low trend since June 2012, while early signs of US drought were only just emerging.

Astrium Services is developing the next generation tools for decision making in the agricultural industry to provide accurate and reliable crop analysis capabilities consistent worldwide at both local and regional levels. The robustness of the parameters is principally due to its unique deterministic plant modeling approach supported by the strength and reliability of the Astrium Services’ satellite constellation. GRAIN provides homogeneous, stable and consistent crop supply information compared to current statistical methods and field surveys. As the GRAIN data is derived from absolute and independent models, it cannot be considered as comparable to past or existing systems used by the agricultural community.

Through the combination of satellite imagery ground truthing and weather forecast data into high frequency agronomic models, GRAIN brings unbiased, timely and accurate information to anticipate shifts in the grain supply chain for a variety of crops. Potential applications for GRAIN include crop insurance, assessing local and global financing supply risks, identifying production investment opportunities, optimizing sourcing and logistics, and coping with market volatility and complexity.

In the coming years, players in the agriculture market will face further pressure. Major agricultural improvements will be required to meet the growing demands on the world’s food supply chain and to maximize agricultural resources in a sustainable and transparent way. Astrium Services is developing methodologies that aim to provide cost efficient solutions for the global grain industry.

DISCLAIMER

The information, statistics, indices and forecasts published by ASTRIUM SERVICES (« Information ») are for information purposes, are not contractually binding and can be modified without notice. Information were produced by ASTRIUM SERVICES based on facts and data collected and/or compiled from direct and/or third party sources and then processed with proprietary methods in order to generate forecast patterns.

Information, on which ASTRIUM SERVICES does not express any opinion, do not constitute a recommendation, nor an advice of any kind whatsoever, more particularly a finance or investment advice on a financial instrument whose evolution may be impacted by the Information.

Past data on which ASTRIUM SERVICES’ patterns were designed and developed are no guarantee of future results and they are not constant over time.

ASTRIUM SERVICES cannot be held responsible for the content, the use or the direct or indirect consequences of using the Information, and which have been collected and/or produced from sources that ASTRIUM SERVICES deems to be reliable.

Information published by ASTRIUM SERVICES are intended for professional physical persons and corporate entities. They are governed by French law, and may be the subject of restrictions or legal bans in certain countries, including the United States of America and the United Kingdom. It is up to each person accessing the Information to firstly contact their financial, legal and fiscal advisors to ensure the appropriateness of using the Information to reach their objectives, including their investment strategies.

The Information, together with the data, documents, processes and methods used to produce it are the property of Spot Image, a French Public Corporation with a Board of Directors (société anonyme à conseil d’administration) with registered capital of EUR 18.022.949, with company headquarters at 5, rue des Satellites 31400 TOULOUSE.

 

About Astrium

Astrium is the number one company in Europe for space technologies and the third in the world. In 2011, Astrium had a turnover close to €5 billion and 18,000 employees worldwide, mainly in France, Germany, the United Kingdom, Spain and the Netherlands.

Astrium is the sole European company that covers the whole range of civil and defence space systems and services.

Its three business units are: Astrium Space Transportation for launchers and orbital infrastructure; Astrium Satellites for spacecraft and ground segment; Astrium Services for comprehensive fixed and mobile end-to-end solutions covering secure and commercial satcoms and networks, high security and broadcast satellite communications equipment and systems, and bespoke geo-information services, worldwide.

Astrium is a wholly owned subsidiary of EADS, a global leader in aerospace, defence and related services. In 2011, the Group – comprising Airbus, Astrium, Cassidian and Eurocopter – generated revenues of € 49.1 billion and employed a workforce of over 133,000.

Press contacts:

Jeremy CLOSE
Media Relations UK
Astrium United Kingdom

Tel.:+44 1 438 77 3872
Gregory GAVROY
Astrium France
Media Relations France

Tel.:+33 (0) 1 77 75 80 32
Ralph HEINRICH
Media Relations Germany
Astrium Germany

Tel.:+49 89 60 73 39 71
Fax:+49 89 60 72 97 65
Francisco LECHON
Media Relations Spain
Astrium Spain

Tel.:+34 91 5 86 37 41
Fax:+34 91 5 86 37 82

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