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U.S. Committed to Exports Despite Government Shutdown



(NAFB)--The U.S. Grains Council says the partial federal government shutdown has reverberated through global equity, currency and commodity markets. Without official data and statistics - the Council notes hog buyers are rethinking the way producers are paid, grain traders are wondering about crop production and equity traders are wondering about official jobs figures. But the Council says the U.S. commitment to exports remains steadfast and solid. Foreign market reaction to the shutdown is cautiously mixed - with the lapse in accustomed points of contact and data reports unsettling to some buyers. But trade continues. Grains Council Director of Communications Marri Carrow is sharing the message in major Asian markets that the U.S. is open for business and Council Manager of Global Trade Kevin Roepke is encouraging importers to actively manage their risk to mitigate the increased uncertainty. Without the core government reports - he says the market lacks a clear direction and is vulnerable to various headline swings - especially if and when the government fully reopens. Nevertheless - even after a shutdown - Roepke says you won’t find a country or a government as dedicated to exports as the U.S. The Grains Council points out that the U.S. kept export inspectors on the job despite widespread furloughs. Further - even with much of the USDA website offline - federal grain inspection reports are being released to the public. Roepke says the partial shutdown is a nuisance - but a core of essential federal employees are on the job and we are finding ways to keep trade flowing.

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