wasde-commodities-9

(NAFB.com) – On Thursday, no news WAS the news. Due to the government shutdown, the USDA did not release the October World Agricultural Supply and Demand Estimates, or WASDE, report that was scheduled for noon Eastern time, according to Successful Farming. That means the market did not receive updated production data at a time when, according to one expert, traders are “fixated with yields.” “There’s still a chance we could get the October reports later this month, though USDA would have to restart field survey work, so that seems unlikely at this point,” said Brian Grete, a senior grain and livestock analyst with Commstock Investments. Experts say in 2013 and 2019, the USDA never released the WASDE reports that were impacted by government shutdowns. This begs the question, what will the lack of new data mean for the market? Analysts have weighed in. “The main impact in the near term should be to keep traders more cautious than normal,” said Ian Berry, lead editor of The Brock Report at Brock Associates.