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Farm Futures asks whether the January 11 WASDE and other USDA reports will be delayed by the partial government shutdown. USDA confirmed that six major world and US crop reports, including WASDE and the grain stocks data, were postponed until funding is restored.
The delay removes key updates on US grain stocks and 2018 crop size, leaving the market without its usual price anchors. Prices could move sharply once the reports are released.
farmprogress.comBen PotterJan 3, 2019After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% 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.
