Barchart, a provider of market data and technology services to the commodity industry, announced that the company will provide free data and tools for university agricultural economics programs in an effort to support the next generation of leaders in agriculture.
The programs will be able to access free physical market pricing, advanced weather measures, geospatial data and Barchart’s proprietary forecast.
With these resrouces, “ag econ programs will be able to create engaging data projects, help students and faculty more easily publish research and create better outcomes for students by providing access to cutting edge data and tools,” the company said in its announcement today.
“Our goal is to get the best data in the hands of students to help them transition from academia to the practitioners of tomorrow,” says Barchart’s Head of Strategy Keith Petersen. “This new program not only gives professors the opportunity to create a more engaging curriculum, but it also opens the door for students to work on projects that have applications to global agricultural markets.”
Students will have the opportunity to participate in cooperative projects with Barchart’s data science team, access to industry leading databases and APIs, and the ability to access events that have historically been limited to industry professionals.
Free data access includes:
- Grain Price and Basis Indexes: Grain indexes from cmdty are commonly used to build grain marketing strategies, as benchmarks for physical contracts, and as objective prices for crop insurance and ag lending.
- Cash Grain Prices: Collected from over 4,000 locations throughout the United States, Barchart’s cmdty product line provides data for current and historical North American grain bids.
- Yield Forecast Indexes: Build robust pricing models for futures or combine with basis indexes to build and backtest a crop marketing strategy.
- Basis Forecast Indexes: Students can use basis forecasts to build localized forward price curves that incorporate historical seasonality and current spot pricing
- Geospatial Weather Data: Students can access data derived from geospatial observations to build predictive models for yield and production more easily than ever before.
Qualifying academic programs also can receive complimentary or discounted access to cmdtyView Pro, the leading analytics platform for commodity trading, according to the release
To learn more about how to receive access to free data and tools for classrooms, apply now on Barchart’s website.