USDA helps High Frequency Traders now; promises help for farmers later

On July 10, USDA announced a change to the decades old policy of releasing its monthly World Agricultural Supply and Demand Estimate (WASDE) first to accredited media representatives and 90 minutes later to the public. In theory, the media interpret WASDE information to the benefit of their subscribers, including traders. But starting in August, the media will receive the WASDE report at the same time as everyone else, due to a policy change made with the analytic assistance of the Commodity Trading Futures Commission.