Genscape & GlobalView to Deliver Most Accurate, On-Demand Corn Crop Data
Experts detail 2015 corn planting intentions, planting progress, and weather forecasts in live panel discussion on May 12, 2015
Louisville, KY–(Marketwired – May 6, 2015) – Earlier this year, rain levels across the Midwest were so substantial that planting was delayed, but according to USDA reports released on May 4, planting progress in the U.S. has reached above 55 percent for the current growing season (http://www.nass.usda.gov/) and is back on schedule, aided by ideal weather conditions across much of the region in the past few weeks. With such dramatic progress, traders, analysts, and investors want to know how the market will respond in both the short and longer-terms. To understand how crop planting intentions, planting progress, weather conditions, and other factors may affect the market, it is critical to have timely, accurate information and insight into current and future conditions as they evolve.
To fill this information gap, Genscape and GlobalView have partnered to provide precise growing-season crop estimates, on-demand, ahead of the USDA. Through this new strategic partnership, GlobalView’s MarketView Desktop™ (http://info.genscape.com/marketview-landviewer-pr ) users can now accurately assess ever-changing crop conditions throughout the growing season with Genscape LandViewer yield and production estimates. LandViewer data helps traders, investors, and analysts better assess the size of supply and set prices based on accurate grain availability, rather than speculation and survey data (USDA), so they are less likely to over or under-purchase and can effectively minimize risk.
Using proprietary monitoring techniques, Genscape LandViewer (http://info.genscape.com/landviewer-pr ) provides reliable, in-season weather and vegetation data and accurate yield and acreage forecasts designed to fit individual needs and geographic areas of interest. With the integration of this crucial information, MarketView Desktop allows users to easily chart and analyze real-time and historical agricultural market data for smarter trading decisions. “The fundamental data in the commodities markets is something that traders need: planting intentions, crop progress throughout the growing season, the amount being planted, potential weather delays, and harvest levels. All these numbers depend on information that’s collected and can all have significant impacts on prices, supply, and demand in the market,” said Charlie Trauger, Global Director of Agriculture at GlobalView. “The Genscape data provided in the MarketView desktop will come out prior to the USDA reports, providing a huge advantage to clients with the availability of advanced data.”
Experts from Genscape and GlobalView will deliver a complimentary, live webinar on May 12 at 2:00 PM EDT to discuss production expectations for the emerging 2015 growing season. The webinar will provide valuable insights, including a first look at planting intentions and planting progress from the Crop Consultants’ Network across the Midwest, as well as a detailed look at this season’s longer-term weather forecast from Genscape’s meteorology team. Registration is available here (http://info.genscape.com/genscape-landviewer-summer-2015-kickoff-webinar-pr).
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain important insights, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com
GlobalView’s MarketView solution aggregates mission-critical real-time, historical and internal proprietary commodity market data into a single platform for use on an enterprise-wide basis. GlobalView provides front-, mid- and back-office solutions and offers one of the only SaaS-based solutions in the market, delivering unprecedented levels of portability and accessibility to customers while working in the office, at home or on the road traveling. With offices in Chicago, Houston, London and Singapore, GlobalView provides prompt and comprehensive support to customers around the world.