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USDA's November crop report was unavailable for about 10 minutes because of a website outage in Kansas City. Corn futures moved higher during the delay and closed up after the official numbers showed a slightly smaller crop than expected.
The incident drew scrutiny over the agency's release systems.
The outage affected only the timing of a report that showed a modestly smaller corn crop, so the price move reflects the crop estimate more than the delay itself. Corn prices gained on the smaller supply.
agriculture.comNov 12, 2019After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
