During Shutdown, Grain Traders Hunt for Data
Traders are relying on private crop forecasters, satellite imagery firms and brokerages
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.
Reuters reports 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.
To fill the void on data, traders are relying on private crop forecasters, satellite imagery firms and brokerages offering analyses on trade and supplies. Some have been scouring Twitter for tidbits on shifting weather patterns and rumors of grain exports, but say it is difficult to replace the USDA.
Read the full report here.