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Pro Farmer: Shutdown to Delay WASDE

The government shutdown, ending soon or not, is likely to delay the January World Agriculture Supply and Demand report. Scheduled for next Friday, January 12th, the World Agricultural Outlook Board needs a full week to release the report, once the government opens.

Farm Journal’s AgWeb reports that while most of the information was gathered before the shutdown, analysis of the data remains. Even if lawmakers were to end the shutdown quickly, the delays are still likely at this point. However, reaching a budget agreement appears to be a tough battle with Democrats taking leadership of the House of Representatives and Republicans rejecting a spending plan by House Democrats before the new Congress began Thursday.

Traders worry a prolonged shutdown could end with an excess of data flooding the market, including Department of Agriculture WASDE numbers, export sales data, and updates from the Commodity Futures Trading Commission.

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