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Get Ready for ‘Explosive’ Grain Market

Jan 01, 2019 at 01:09 PM CST
(Bloomberg) -- More grain volatility is on the way as a lack of U.S. federal data sends the market hunting for crop information to trade on. That’s according to Steve Georgy, the president of agriculture broker and advisor Allendale Inc. A partial government shutdown means most key reports -- including figures on export sales -- released by the U.S. Department of Agriculture have been halted. Given the thin holiday trading, last week the dearth of information sent investors to the sidelines, he said.