U.S. shutdown sends grain traders, farmers hunting for data

Reuters

https://www.politicususa.com/2019/01/11/u-s-shutdown-sends-grain-traders-farmers-hunting-for-data.html

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CHICAGO (Reuters) – When the U.S. Department of Agriculture announced a slew of key farm reports would not be released on Friday due to the partial government shutdown, the phones at crop forecaster Gro Intelligence blew up.

The USDA was set to release its views on the projected size of U.S. soybean stockpiles, among other data, following a record-large domestic harvest and a trade war with China that has slowed U.S. exports.

Commodity traders, economists, grain merchants and farmers are anxious for crop updates as they work to project their financial balance sheets and make spring planting decisions.

“It’s been crazy busy,” said Sara Menker, chief executive of New York-based Gro Intelligence.


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