Jun 2, 2020   SOURCE: PR NewsWire

Barchart Releases Initial 2020 U.S. Yield Forecasts for Corn and Soybeans

CHICAGO, June 2, 2020 /PRNewswire/ --

    --  cmdty Yield Forecast Indexes predict end of season yield at 172.4 bu/ac
        for corn and 48.8 bu/ac for soybeans in the U.S.
    --  Free semi-monthly estimates for the U.S. and major production areas are
        available through our Yield Forecast report
    --  Clients of cmdty get access to daily forecast updates through cmdtyView
        Pro
    --  All users can get up-to-date estimates ahead of each WASDE report
        through our free livestream series.

Barchart, a leading provider of data and technology services to the financial, media, and commodity industries, announces their initial cmdty Yield Forecast for end of season yield at 172.5 bu/ac for corn and 49.1 bu/ac for soybeans in the U.S. Released for free to the public on the first Tuesday of each month during the growing season, and available to clients through daily updates, the cmdty Yield Forecast Index series allows users to get insights to guide their business decisions ahead of the USDA's WASDE report.

"We're focused on providing insights to the global ag community, and by making our forecast for U.S. yield available to the public, we can help all ag market participants make better grain marketing decisions," said Keith Petersen, Head of Strategy at Barchart. "In addition to our monthly public release, we'll also be previewing each month's WASDE report with a free livestream containing updated forecasts and insight into what this might mean for the USDA's estimates."

Barchart's cmdty Yield Forecast Indexes, which correctly predicted 2019 USDA soybean yield figures three months in advance, are calculated using the latest geospatial and remote sensing technology, and provide users with daily insights on over 3,000 individual growing areas in the U.S. The power of this data combined with insights from cmdty's recently released whitepaper, describing how yield forecasts can be used to anticipate USDA estimate revisions, empowers users to adapt their crop marketing and underwriting strategies.

Get enhanced access to cmdty's insights on yield by taking the following next steps.

    --  Sign-up for our free yield forecast report released the first and third
        Tuesday of each month
    --  Register for the cmdty livestream series starting with our June 10th
        WASDE preview
    --  Download our free whitepaper: Using Grain Yield Estimates to Forecast
        Commodity Prices
    --  Access daily updates by subscribing to cmdtyView Pro or one of our
        enterprise-grade APIs

About Barchart
Barchart is a leading provider of market data and services to the global financial, media, and commodity industries. Our diversified client base trusts Barchart's innovative Solutions across data, software, and technology to power their operation from front to back office, while our Media brands enable financial and commodity professionals to make decisions through web content, news, and publications. For more information, please visit www.barchart.com/solutions.

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SOURCE Barchart