[nandemo]

The data in question is not the results of the orange harvest, it's more like a (very accurate) weather report that has a predictable impact on the orange harvest.

It's basically market research. You can't equate being better at predicting future prices with "front-running".

It's possible that what Reuters was doing is illegal on other grounds, though.

[cma]

It is market research by the publicly-funded University of Michigan; imagine if taxpayer-funded NOAA gave first rights to all their weather data to Goldman Sachs.