Government shutdown affects commodity markets

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Government shutdown affects commodity markets

A dairy economist says the government shutdown does affect how the commodity markets function.  Mark Stephenson with the University of Wisconsin tells Brownfield the many reports generated by USDA are a big part of trading activities. “When we don’t get reports, for example, from NASS on milk production or cold storage, those are pieces of information that the markets really want to have, so the more that those get pushed off and are not providing the kinds of insights we need, the more difficult it is to form price opinions.”

Stephenson says the markets will still operate but without much of the data traders usually rely on.

Continue reading Government shutdown affects commodity markets at Brownfield Ag News.

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