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Top 5 Things to Watch 07/06 09:09
Crops, Markets Respond to Heat
Weather, crop health and global trade issues lead the things to watch during
the week of July 5.
By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for
the week of July 5. Watch for coverage of these and other topics throughout the
week on our subscription platforms as well as on http://www.DTNPF.com.
Note that all report release times are Central Daylight Time unless
otherwise noted.
1. WASDE Friday: Hot on the heels of the June 30 Grain Stocks report, we'll
have the July WASDE on Friday. DTN coverage starts immediately after the 11
a.m. report release, with updates and analysis throughout the morning. At 12:30
p.m. we have our Rhett's Reaction webinar, with comments by DTN Lead Analyst
Rhett Montgomery. You can sign up for that free event, which includes ample
time for questions, here: https://www.dtn.com/wasde-webinars/.
2. Crop condition: We'll be paying close attention to crop reports following
the first real heat of summer. The next USDA Crop Progress report is Monday
afternoon.
3. Weather eases, but it is still July. Speaking of summer weather, DTN
forecasts call for some easing of temperatures and humidity compared to the
heat dome of the previous week. But easing is a relative term, it is still
summer after all.
4. Trade fronts: Of course we're still watching for ramifications of things
in the Strait of Hormuz, the recent news on the USMCA, and changing trade rules
on fertilizers and herbicides.
5. Reports due this week: Monday at 8:45 a.m., U.S. Services PMI followed at
9 a.m. by ISM Business Services PMI and Global Services PMI and Grain
Inspections at 10 a.m. At 3 p.m., Crop Progress. Tuesday at 7:30 a.m. we'll see
latest Trade Balance data. Wednesday at 9 a.m., Monthly Wholesale Trade. At 2
p.m., Consumer Credit, and at 2 p.m., Broiler Hatchery. Thursday at 7:30 a.m.,
Grain Export Sales, Initial Jobless Claims. At 9 a.m., Existing Home Sales. At
10:30 a.m., Weekly Economic Index. At 2 p.m., Slaughter Weekly. Friday at 11
a.m., USDA Crop Production and July WASDE report. At 2:30 p.m., the CFTC's
Commitment of Traders report.
You can find DTN Field Posts podcasts at
https://www.buzzsprout.com/1019197/episodes, or
https://www.dtnpf.com/agriculture/web/ag/videos/field-posts-podcasts and
they're also available on podcast hosting sites such as Apple Podcasts and
Spotify.
Watch for the latest news at http://www.dtnpf.com, and follow and like our
Facebook page at http://www.facebook.com/dtnprogressivefarmer. You can find our
news on Instagram as well. Give us a follow @dtn.agnews
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