USDA won't change report schedule for now

WASHINGTON Fri May 25, 2012 3:22pm EDT

WASHINGTON (Reuters) - The U.S. government will gather ideas from all sides on whether to change the release time of potentially market-moving Agriculture Department reports now that exchanges are open nearly all day, an official said on Friday.

USDA said it would announce the formal opening of the public comment period in the coming weeks. Farm groups expect a 30-day period. In the interim, USDA said reports will be released under their current schedule.

The review will cover the nine reports -- the monthly Crop Production, World Agricultural Supply and Demand Estimates and Cattle on Feed reports, the quarterly Grain Stocks and Hogs and Pigs reports, and the periodic Cattle, Prospective Plantings, Acreage and Small Grains Summary reports.

(Reporting By Charles Abbott)

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