Satellite-based crop information can now give agricultural businesses a clearer picture of what’s happening to the crops, without having to be in the field.
Crop intelligence and forecasting company SatYield, facilitated by Zema Global, is providing the data. The innovation includes yield forecasts, planting, harvesting area estimates, harvest progress, weather impact indicators and backtesting data.
Agricultural commodity markets can move significantly between the usual times when people publish updates about crops as weather, crop conditions and production expectations evolve.
The partnered system will allow live updates – meaning market participants can assess those developments alongside established market, weather and supply-and-demand data.
Gabby Nizri, Co-Founder and CEO of SatYield said: “Commodity markets do not need more data. They need earlier, independent signals that help them understand how physical supply is changing before it becomes market consensus.
“SatYield brings the physical crop signal, while Zema makes it decision-ready by synchronizing it with the market, weather and fundamental data customers already use.”
They say the partnership is particularly relevant for hedge funds and agricultural commodity traders active in markets including soy and corn, as well as energy market participants seeking greater visibility into yields and production dynamics relevant to biofuels.
