U.S. shutdown sends grain traders, farmers hunting for data - News Summed Up

U.S. shutdown sends grain traders, farmers hunting for data


FILE- U.S. President Donald Trump leaves the White House for a trip to Annapolis, Maryland, in Washington, U.S. May 25, 2018. Federal loan and farm aid applications have also been delayed.SPONSOREDTo fill the void on data, traders and farmers are relying on private crop forecasters, satellite imagery firms and brokerages offering analyses on trade and supplies. The data is not as comprehensive as the USDA’s report would have been, though, said Kevin McNew, FBN’s chief economist.“At the end of the day, we still need a benchmark,” McNew said. The government’s Landsat satellites continue to collect images of the earth and other data.Private companies such as Descartes Labs pay for access to the data and can still view it to analyze. Staff are not sure when invoices will be paid, Truitt said, or whether delivery dates are being pushed back.


Source: Egypt Today January 11, 2019 13:07 UTC



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