By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of Oct. 8. Watch for coverage of these and other topics through the week on our subscription platforms as well as on www.DTNPF.com.
1. Speaker uncertainty unnerves markets: There's a lot up in the air as the GOP-led House of Representatives tries to escape from its self-watered muck hole. One immediate effect is to make traders ever more skiddish. We'll have ongoing coverage of all the collateral damage around the leaderless House.
2. WASDE week: Thursday we'll cover the October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Our preview of those reports will be out earlier in the week, as soon as market analyst expectations reports are in. WASDE coverage starts right after the 11 a.m. CDT report release, and we'll have updates throughout Thursday morning. As always, our free webinar on the reports, featuring DTN Lead Analyst Todd Hultman, goes live at 12:30 p.m. You can register for that webinar, including a question and answer session at the end, by going here: https://www.dtn.com/…
3. Weather systems raise frost concerns: Several cold fronts are moving across the U.S., some with high winds. The real concerns are frosts and freeze warnings, particularly in northern states, during the weekend and into this week. DTN forecasters say central states will have more cloud cover, and rainfall potential, which generally reduces the chance of frost. Cooler weather will continue in most areas through the week. See DTN Crops Technology Editor Pamela Smith's story about the cold weather and its possible impact on soybeans at https://www.dtnpf.com/….
4. Trade issues gather interest: Recent corn sales to Mexico have been at high pace, we'll monitor how long that trend remains. There's still a longer-term concern that the potential ban on GMO corn -- which at the moment is aimed at food-grade (white) corn, could spread to No. 2 yellow if the country's political winds blow that way. In the meantime, China's demand remains high, despite the fact that U.S. sales to that country are lower than 2022. Just another sign of Brazil's big crop, which is pushing out sales of U.S. beans.
5. Economic reports to watch: Government offices, banks and bond markets are closed Monday for Columbus day. U.S. stock markets and futures markets are open, and DTN reports on those markets will continue through the day. However, USDA weekly grain export inspections (10 a.m. CDT) and Crop Progress reports (3:00 p.m.) will be delayed until Tuesday. On Wednesday, the U.S. Labor Department releases the producer price index for September at 7:30 a.m. Minutes from the Federal Reserve's September meeting are released at 2 p.m. On Thursday, U.S. weekly jobless claims are out at 7:30 a.m., the same time as the consumer price index for September and update of the U.S. Drought Monitor. The Energy Department's weekly report of natural gas storage is at 9:30 a.m., followed by the weekly report of energy inventories at 10 a.m. As noted above, October WASDE coverage begins at 11 a.m. Friday will see USDA's weekly export sales reports at 7:30 a.m. The University of Michigan's consumer sentiment index hits at 9 a.m.
Be sure and watch for the latest news at www.dtnpf.com, and follow and like our Facebook page at www.facebook.com/dtnprogressivefarmer.
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