April 05, 2018

TellusLabs & CME Group announce a New Distribution Deal!

TellusLabs is excited to announce a new distribution relationship with CME Group, the world's leading and most diverse derivatives marketplace, which offers a wide range of global products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.

TellusLabs will be working with CME Group to increase access to TellusLabs CHI and NDVI metrics. TL CHI and NDVI are satellite-based scores of plant condition and progress that commodities researchers can use to understand the status of a given crop. They represent a new suite of signals for grains and oilseeds.

Why these data sets are useful:

  • Crop Masking: Because TellusLabs maps where individual crops are grown; our metrics only look at pixels planted for a specific crop. So, for example, TL Crop Health Index (CHI) Corn for Iowa will only consist of the CHI for the corn pixels in the state of Iowa. TL Normalized Difference Vegetation Index (“NDVI”) Soy for Córdoba, Argentina will only utilize the NDVI for soy pixels in Córdoba, Argentina. That means the score is much cleaner than traditional data. This “crop masking” improves the scores’ correlation with end-of-season yield by 20-30%*.
  • Daily frequency: Typical satellite-based indexes are produced every 8 days. TellusLabs sources its imagery from instruments that allow us to provide CHI and NDVI values on a daily basis, ensuring fresh insights for our users.
  • Complementary to weather: Agriculture markets have been using weather data for analysis since ancient Sumeria. We believe that analysts who rely on weather alone are only getting half of the story. Both CHI and NDVI data products are effective tools to aid researchers and traders seeking a satellite-based (or “optical”) complement to weather data in their analysis.

We believe these crop indices have the potential to make significant improvements to analytics based on only traditional metrics and that they will contribute analytic value at every spatial scale: field, regional, national, and global.

These metrics are available on CME Datamine here.

Click here for the whitepaper to learn more about these metrics and how they can help you make informed agricultural resource decisions.

* Source: TellusLabs Analysis



Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act.  Futures and swaps each are leveraged investments and, because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for either a futures or swaps position.  Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because traders cannot expect to profit on every trade.  All examples discussed are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience.


CME Group, the Globe Logo, CME, Globex, E-Mini, CME Direct, CME Datamine and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.


The information within this brochure has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience.  All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT and NYMEX rules. Current rules should be consulted in all cases concerning contract specifications.


Copyright © 2018 CME Group Inc. All rights reserved.


Also in News

USDA August 2018 Report - Summary
USDA August 2018 Report - Summary

August 10, 2018

Today, the USDA released its August Crop Production Report, which included forecasts for the end-of-season US corn and soy yield. Once again we are out of consensus...
Upcoming USDA NASS August Report
Upcoming USDA NASS August Report

July 31, 2018

On August 10 at noon ET,  NASS will release its updated crop production report. The August report is often consideredthe most climactic event of the reporting season, due to the comprehensive look at crop trends in the U.S. and worldwide.
TellusLabs Farm Tour: Nebraska
TellusLabs Farm Tour: Nebraska

July 25, 2018

This past week, David Potere (CEO) and Matt Beckwith (Head of Field Insights) visited several farms in Nebraska to take a ground-level look at the crops that we monitor from space.