USDA Doesn't Want to Change Report Release Times without Public Input
Before USDA considers changes to the release times of market-moving farm reports in the face of expanded trading hours - Secretary of Agriculture Tom Vilsack says the department will seek public input. Vilsack says it's a complicated issue and USDA wants to assure equitable release of information for all market participants. Some traders would like USDA to release major reports while markets are closed - others would like to capture the instantaneous surges in trading that would accompany a live release of significant information. According to Vilsack - the department is currently analyzing the pros and cons of various ways to approach the release of reports. But whatever they decide - he says the public will have an opportunity to react.
The first major USDA report released live during the new trading hours could be the June 12th crop report.
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