cancel
Showing results for 
Search instead for 
Did you mean: 
IronBob
Contributor

USDA Reports

With the latest trading hours in place, it seems to me to be prudent to release the WASDE and stocks reports at 7:45 Central time. This would give everyone 45 minutes to digest the numbers before the markets reopen and then give a full session of trading. My 2c worth.

0 Kudos
4 Replies
Hobbyfarmer
Honored Advisor

Re: USDA Reports

Prudent, logical, ethical and other such things are not part of the equation at the USDA OR CBOT.*

 

 

 

 

 

*or so it appears from my low perch

0 Kudos
IronBob
Contributor

Re: USDA Reports

What was I thinking?

0 Kudos
sw363535
Honored Advisor

Re: USDA Reports

I wonder who owned the new crop grains sold in the export sales report yesterday.  Someone must think new crop prices are a bargain.  Who has sold?????

0 Kudos
Kstater85
Veteran Contributor

Re: USDA Reports

The ICE exchange has a corn contract that is open at times that include 0745 to 0830 everyday.   The CME will not close for USDA report releases if ICE does not also agree to close.   They are afraid that the post report volume would escape to a competitor.

 

To this point ICE has publicly stated that they intend to stay open during USDA releases. 

0 Kudos