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USDA to move lock report release time to noon

The Agriculture Department announced today that it will move the release of its key supply and demand reports from 8:30 a.m. to noon beginning January 1.

In a news release, USDA said that the National Agricultural Statistics Service and World Agricultural Outlook Board will begin issuing the World Agricultural Supply and Demand Estimates, Acreage, Crop Production, Grain Stocks, Prospective Plantings, and Small Grains Summary reports at noon.

Livestock reports will continue to be released at 3 p.m.

“USDA considered all comments and thanks everyone for their thoughtful suggestions,” said USDA Chief Economist Joe Glauber. “The shift to a noon release allows for the greatest liquidity in the markets, provides the greatest access to the reports during working hours in the United States, and continues equal access to data among all parties.”

USDA sought public comment this summer on the release times for several major statistical reports in response to changes in market hours by major commodity exchanges. Between June 8 and July 9, stakeholders submitted 147 comments through the NASS online response site and via letter and e-mail.

Public Comments Received on Report Release Times