Home / Markets / Markets Analysis / Corn market / USDA: E-trading hour changes studied

USDA: E-trading hour changes studied

05/02/2012 @ 8:47pm

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)

DJ MARKET TALK: USDA Mulls Implications Of Expanded Trading Hours->copyright

Back

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

Wheat Futures Rise as Cold, Drought Threaten… By: 04/17/2014 @ 3:51pm Wheat futures rose for the third time in four sessions on speculation that cold weather earlier…

Ukraine Upheaval Sparks Business Concerns By: 04/17/2014 @ 1:22pm Escalating military action and sanctions are forcing executives around the globe to map out…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather