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Instead, Descartes relies on 4 petabytes of satellite imaging data and a machine learning algorithm to figure out how healthy the corn crop is from space. Grain elevator operators, ethanol producers, commodities traders, hedge funds, insurance companies, and even the farmers growing the corn will all look to the USDA's August crop report being released August 12th to try and understand how the supply side of the corn market will behave. Descartes says it can consistently out-predict the USDA's corn estimates Descartes, which launched in 2014, began releasing corn yield estimates ahead of the USDA's August crop report last year. Now new nanosatellite constellations, like the one run by satellite imaging startup Planet, are taking snapshots of the entire globe at 3- to 5-meter resolutions every day.

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