The U.S. Department of Agriculture sought public comment on release times for major statistical reports as a result of commodity exchanges changing market hours. USDA received 147 comments and announced Wednesday its National Agricultural Statistics Service and World Agricultural Outlook Board will release those reports at 12 p.m. Eastern beginning in January 2013. Reports affected by the change include the World Agricultural Supply and Demand Estimates, Acreage, Crop Production, Grain Stocks, Prospective Plantings and Small Grains Summary. Livestock reports will not change. USDA Chief Economist Joseph Glauber says releasing the reports at noon allows for the greatest liquidity in the markets, provides the greatest access to the reports during working hours in the U.S., and continues equal access to data among all parties.
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