CHICAGO, July 9, 2024
/PRNewswire/ -- Barchart, a leading provider of technology, data
and workflow solutions for commodity firms and agribusinesses,
announces a significant enhancement to its yield forecast model for
US corn and soybeans through the integration of data from Planet
Labs PBC (NYSE: PL), a global provider of high-resolution satellite
imagery. This collaboration marks a milestone in Barchart's
commitment to delivering cutting-edge agricultural insights to its
clients.
Barchart's enhanced yield forecasts, now powered by Planet's
advanced satellite data, provide daily updates accessible via API
or within cmdtyView, Barchart's premier solution for market
intelligence, analysis, and risk management. The improved
model offers national and state levels as well as county-level
estimates, which have become increasingly vital following their
discontinuation by the USDA's National Agricultural Statistics
Service. By leveraging Planet's data, Barchart can now
provide measurements with improved accuracy of US soil conditions
and yield throughout the growing season.
"Our partnership with Planet underscores our dedication to
providing our clients with the most advanced and innovative data
available," said Will Osnato,
Director of Commodity Data Research & Analysis at Barchart.
"Through this integration, we are able to equip agribusinesses
with unparalleled insights that not only facilitate smarter
decisions but also significantly improve operational efficiencies
and ultimately enhance profitability."
"Planet is focused on partners who can fine tune our data, make
it easier to use, and provide tools to save time and add value for
our partners and customers," commented Sonya Penn, VP Partnerships. "For yield
forecasting, Barchart provides reliable, critical,
easy-to-interpret insights and results in a timely manner and we
are thrilled to welcome them to the Planet partner ecosystem."
To access this data within cmdtyView, visit
barchart.com/cmdtyview or for an enterprise solution, contact our
sales team.
You can also learn more about Barchart's enhanced yield forecast
model this September in Orlando at
Barchart's Grain Merchandising and Technology Conference. Explore
the full agenda and register
at barchart.com/grainconference.
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