Government Shutdown Highlights Need for Barchart Grain Prices and Assessments
CHICAGO, IL - January 14, 2019 - While the government shutdown is preventing key USDA agricultural reports from being released, Barchart continues to provide price transparency to farmers and agribusinesses. Through the cmdtyIndexes product, Barchart is empowering American farmers and grain processing firms with the data they need to help make the most informed decisions possible during this time of limited government information.
“Using our unique workflow solutions for agribusinesses, Barchart never stops collecting and distributing cash prices from over 4,000 grain origination locations across the country,” says Barchart CEO Mark Haraburda. “Grain buyers, agricultural lenders, crop insurers, and farmers still need accurate and objective third-party prices to keep their businesses running; and our patent pending Grain Price Indexes are proving to be more important than ever.”
Calculated for every significant crop producing county in the United States, Barchart’s patent pending indexes help bridge the gaps for grain market participants who need essential market information while the government is shutdown. Users can access twelve months of cash price fair values going out twelve months via forward curves that are calculated at the County, Crop Reporting District, State, Regional, and National level.
“Ag participants heavily rely on USDA reports to access information such as crop production numbers, supply and demand drivers and future stocks to use ratios to operate their business and make critical decisions,” added Haraburda. “While the government shutdown prevents access to these reports and data, farmers and traders can leverage cmdtyIndexes to bring transparency to the commodity markets for corn, soybeans, and wheat through grain bids and price assessments which allows them to operate their business effectively and drive decisions.”
Along with real time commodity prices, historical data, market commentary, and industry leading tools for grain trading, Barchart’s high value grain indexes are available over the flagship cmdtyView desktop solution and Commodity Data APIs. The suite of cmdty products provides all of the data, integrated into one solution, for the grain market supply chain - from farmer to processor.
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.