The U.S. Agriculture Department will seek public input before it decides whether to change the release times of market-moving reports on farm data now that futures markets are open nearly around the clock, Agriculture Secretary Tom Vilsack said on Tuesday.
"This is a complicated issue," Vilsack told a telephone news conference, adding the department wanted to assure equitable release of information for all market participants.
While some traders would prefer USDA to release major reports while markets are closed, others want to capture the instantaneous surges in trading that would accompany a "live" release of significant information.
"We're in the process of analyzing the pros and cons of a variety of different ways to approach this," Vilsack said.
USDA reports are mostly released in the early morning or late afternoon, when futures markets are closed or volume is low.
For more, see: USDA will ask public input on ag report release times