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AI for grain marketing...
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chirpfarm
Posted 12/28/2024 07:18 (#11029462 - in reply to #11029362)
Subject: RE: AI for grain marketing...


South Central MN
paul the original - 12/28/2024 03:56

Hick - 12/27/2024 18:25

Looks to me like AI could replace some market analysts.


But it can’t?

It knows or creates nothing.

It sniffs around the internet and averages the results it finds.

If all he real market analysts go away, Ai would have nothing to report.

So it can’t replace them.

Ai is just a copy cat, averages out info to give you a Luke warm data set.

That can be useful, but it hasn’t created anything.

IMHO


You're correct for these free chat bot AI, but what about an AI that has been specifically trained for grain marketing by someone like Allendale or Cargill? You could train it only on market data, weather reports, govt reports, etc. You could have it exclude any discussion from outside analysts so that it's perspective isn't skewed; it'd just be looking at the hard data like a human analyst would. I think it absolutely could come close to replacing a human analyst if the training were done well.

If done well, it wouldn't end up with human emotion & bias built into its analysis (which would be difficult). There's already computer programs that use programmed algorithms to make trades, but an AI machine learning model would be able to learn from its trades and improve itself.

I think farmers are making a mistake if they disregard AI now because it isn't quite there yet today. It might be there tomorrow.

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