- USDA asked farmers, traders and futures exchanges for ideas on when it should release potentially market-moving agricultural reports, such as crop forecasts, now that commodity markets are open nearly all day.
The government asked farmers, traders and futures exchanges on Thursday for ideas on when it should release potentially market-moving agricultural reports, such as crop forecasts, now that commodity markets are open nearly all day.
It could result in the first change in the Department of Agriculture reports in nearly two decades and lead to the release of USDA data while futures trading was at full volume.
"With nearly around-the-clock commodities trading in the United States now underway, the agencies want to hear from all parties who use federal agricultural statistics so that we can best meet their needs while upholding our responsibility to provide equal access to data," said two USDA agencies in a Federal Register notice.
They asked for public comment on five questions, including "What is your preferred time of day ... for report release?" and "Why is this time preferred?" as well who would be adversely affected by changing the time of release for the reports.
For more, see: USDA asks markets when is the best time for data