DTN Adds Historical Grain Basis Data to DTN ProphetX
April 19, 2017
Minneapolis and Omaha, Neb. – DTN is excited to announce the additional historical grain basis data to DTN ProphetX. With this new offering, DTN ProphetX delivers improved market data analysis to its users. With more than seven years of historical basis prices for 4,300 locations and counting across the U.S. and Canada, daily bid information gives traders a comprehensive view of the market. Accessible through a user’s desktop client, the new iOS app, or API feeds, this added historical basis information builds upon existing spot, historical spot, and current actual basis price information.
Continuing to empower users to make more informed and profitable decisions, Schneider Electric’s addition of historical grain basis data to DTN ProphetX offers deeper market analysis capabilities to users.
A Competitive Edge
With new historical grain basis price information collected every weekday, DTN ProphetX users can zero-in on the best time to buy or sell throughout the year. Furthermore, forward cash and basis information offerings give users a leg up to lock-in better margins, allowing them to capitalize on the seasonal patterns of grain differentials.
DTN continually invests in data quality and has been collecting valuable historical information for more than 20 years. With DTN ProphetX’s industry-leading data collection processes, commodity traders have a trusted source guiding their spot trading decisions through its one-of-a-kind and continuously evolving market data platform.
DTN ProphetX has improved its functionality with several recent enhancements, including the iOS application, an improved user interface, and expanded industry content. Looking to the future, customers can expect further capabilities to be added to the innovative market data solution, such as a new user experience for Android™ solutions and a simplified symbol search.
DTN is the independent, trusted source of actionable insights for 600,000 customers focused on feeding, protecting, and fueling the world. Customer-centric and employee-driven, the company focuses on empowering agriculture, oil & gas, trading, and weather-sensitive industries through continuous, leading-edge innovation. It also owns and operates The Progressive Farmer magazine, the premier publication in Agriculture for over 130 years. Based in Omaha, Nebraska and Minneapolis, DTN is owned by TBG, a private century-old investment holding company headquartered in Zurich.