With Hurricane Sandy bearing down on the East Coast, the Federal Government and the U.S. stock exchanges will be closed Monday.
"We support the consensus of the markets and the regulatory community that the dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority," the NYSE said in a statement. "We will work with the industry to determine the next steps in restoring trading as soon as the situation permits."
CME Group's Nymex trading floor in New York, which trades oil futures, will be closed because it is headquartered in New York City's mandatory evacuation zone.
USDA was scheduled to release its weekly export inspections and crop progress data today. While the export inspections data was released as scheduled, the crop progress data will be delayed until further notice.
Following is a projected path of Hurricane Sandy, issued by the NWS's National Hurricane Center: