SOURCE: Speedwell Weather

Speedwell Weather

August 11, 2015 09:00 ET

Speedwell Weather Announces Expansion of Its Commodity Product

HARPENDEN, UNITED KINGDOM--(Marketwired - August 11, 2015) - Speedwell Weather today announced additional coverage for the agricultural module of its Commodity Product. The Speedwell Commodity Product brings weather data and forecasts directly to the trader in a concise format for a wide range of global agricultural crop areas. A daily email service also provides alerts on key developments in any crop region.

Speedwell Weather has been expanding the service to track weather information related to every major crop producing region in the world including barley, citrus, cocoa, coffee, cotton, maize, oats, potatoes, rapeseed, rice, rye, sorghum, soybean, sugar beet, sugarcane, sunflower, tobacco, and wheat. Recent additions have added:

  • Palm Oil production in Indonesia, Malaysia, Philippines and Thailand
  • Nuts and fruits production in Turkey and USA
  • Cocoa in Ghana

A number of new live-stock related areas have also been added:

  • Cattle (Beef) in Australia and USA
  • Cattle (Dairy) in New Zealand
  • Hogs in the USA

The Commodity Product now tracks over 240 crop/regions around the world.

David Whitehead, Co-CEO of Speedwell Weather said: 'This expansion of our quality data sets to cover worldwide crop regions has been one of the largest projects we've ever undertaken at Speedwell Weather and we continue to increase the range of commodities and regions that the product supports. For this product alone we are computing over 2.5 million indices per day - the result of constantly reflecting the latest, local weather data updates, and the assimilation of the latest ECMWF and GFS global forecast models. We are delighted with client take-up of the Commodity Product responding to its unique combination of detailed quantitative information and email commentary."

With its unparalleled archive of quality world-wide weather data Speedwell is expanding its Commodity Product offering into other areas including energy, hydro power and open-cast mining. More information is available on the Speedwell website (www.speedwellweather.com), or follow on LinkedIn or Twitter for further announcements on the expansion of this exciting new product range.

About Speedwell Weather:
Founded in 1999, Speedwell Weather provides quality weather data, weather forecasts, software, and consultancy. From offices in the UK and the USA we serve clients world-wide in sectors including weather-risk management, energy, Insurance, and agriculture. Our data products include SuperPack® which provides unlimited access to our thousands of high quality world-wide weather data sets. Speedwell Weather is the dominant settlement agent for parametric weather risk contracts world-wide.

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