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U.S. Shutdown Leaves Grain Traders With Nothing But ‘Hearsay’

  • 2019 begins with reduced USDA data; markets may get volatile
  • Allendale says market participants turn to Twitter, media
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The Second Week of The Gov't Shutdown
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As the partial U.S. government shutdown enters its second week, the lack of data from the U.S. Department of Agriculture is sending market participants to Twitter and other sources to gather crop information.

Most of the department’s key reports -- including figures on export sales -- have been halted since the shutdown began on Dec. 22. Given thin holiday trading last week, the dearth of information sent investors to the sidelines, according to Steve Georgy, the president of agriculture broker and adviser Allendale Inc., based in McHenry, Illinois.