Do you remember when we correctly predicted 2019 USDA soybean yield figures three months in advance? We thought this feat was pretty unforgettable, but if you need a reminder, in the incredibly volatile 2019 growing season, our users were rewarded with spot on information that matched the USDA’s final soybean yield number with amazing accuracy! Luckily for you, these estimates will be available for free on a semi-monthly basis during the 2020 growing season beginning this June. Users can subscribe to these estimates through our free report to get access to the benchmark national yield estimates and forecasts for corn and soybeans from all major field crop producing states every 2 weeks.
We’re also taking our yield estimates a step further with Daily 2020 Yield Forecast Indexes for corn and soybeans, including county and crop reporting district forecasts, available to Barchart cmdtyView Pro subscribers.
Barchart’s cmdty yield estimates are built on geospatially generated data which is fed into machine learning models that evolve with each growing season. Calculated daily and covering more than 3,000 growing areas within the United States, cmdty Yield Forecast Indexes are available at the national level and all the way down to the county level for both corn and soybeans. Historical data is available back to 2014.
We know it’s obvious that having better information around USDA yield and production forecast releases is important, but what can you do with this sort of information? Here are some examples of how clients can use cmdty Yield Forecasts Indexes to increase profits and make better decisions.
Our yield estimates are a game changer for Ag professionals looking to get ahead and believe it or not we’re just getting started! Take a look at our full 2020 Yield Forecast Roadmap: