Don't expect USDA to make any snap judgements on the timing of its supply and demand reports following CME's announcement it was expanding to a 22-hour trading day in grains. The expanded day means USDA's 8:30 ET supply/demand reports, which often cause wild price swings, would come out as the market is trading. Hubert Hamer, head of USDA's ag statistics board, says in a statement officials are "discussing implications" of the change. He adds: "Any change to the report release schedule is complex, has far reaching impact, and would be taken very deliberatively." (ian.berry@dowjones.com)

Call us at (212) 416-3100 or email patrick.sullivan@dowjones.com

(END) Dow Jones Newswires

May 02, 2012 18:09 ET (22:09 GMT)