Bloomberg News

U.S. Grain Group Asks USDA for Trading Halt After Data Releases

July 09, 2012

The National Grain and Feed Association, the largest U.S. grain-trading group, urged the Department of Agriculture for a one-hour trading halt for U.S. futures and options during the release of supply and demand reports.

The USDA has a “clear interest in helping create an environment in which its major statistical reports do not roil markets to the extent that producers and agribusiness firms reliant upon them are disadvantaged or competitively harmed,” the association said in response to the department’s notice requesting comments on the public release times of major agriculture reports, according to an e-mailed statement today.

The group submitted the comments “while acknowledging that implementing and enforcing such a pause is probably beyond the control of USDA,” according to the statement.

To contact the reporter on this story: Jeff Wilson in Chicago at Jwilson29@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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