the_post() within switch_to_blog() altering my excerpt

I have a strange problem I'm facing when using WP_Query with multisite in a plugin I'm writing which hooks into add_meta_boxes. I'm wanting to display all post titles in a dropdown in a meta box.

While adding or editing a post in blog no. 2 (it could be any blog no.), I am looping through blog no. 1 and getting post titles from a custom post type to populate in a select dropdown. This works as it should, but in the process, the text in my excerpt is been replaced with the excerpt in the last post of the loop.

I have disabled all plugins. I have enabled 2015 theme on all sites. I'm using wordpress 4.1. I have tried with just posts instead of custom posts and the problem still exists. Below is the code I am using:

switch_to_blog( 1 ); 
$qry_args = array(
    'post_status' => 'publish',     
    'post_type' => $typenow,        
    'posts_per_page' => -1,         
    );

$blog_query = new WP_Query( $qry_args );

if ( $blog_query->have_posts() ) {  
    while ( $blog_query->have_posts() ) {
        $blog_query->the_post();

        // get_the_ID(); and put in in an <option></option>                 
    }
} 
wp_reset_postdata();
restore_current_blog();     

I have narrowed the source of the problem down to the line $blog_query->the_post();

Can anybody point out why my excerpt in a post in blog 2 is being replaced with an excerpt from a post in blog 1 while looping through blog 1? I'm rather new to writing plugins, so perhaps I'm doing something wrong that I know nothing about.

Thank you for your help,

Adrian