“Nomadland” has been named the best produced film of 202o by the Producers Guild of America, giving it a big boost in an Oscar race where it was already considered the favorite.

For many years, the Producers Guild Award was one of the most reliable predictors of an Oscar Best Picture win, particularly after both groups expanded the number of nominees to 10 and instituted the ranked-choice system of counting votes. But over the last five years, the PGA winner has only gone on to win the Oscar twice, with “The Shape of Water” in 2018 and “Green Book” in 2019. The other three years, the Producers Guild winners were “The Big Short,” “La La Land” and “1917,” while the Oscars were won by “Spotlight,” “Moonlight” and “Parasite.”