By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of Nov. 5. Watch for coverage of these and other topics through the week on our subscription platforms as well as on www.DTNPF.com.
Note: All times listed below are in Central Standard Time (CST) unless otherwise mentioned. CST returned on Nov. 5.
1. WASDE Thursday: USDA's World Agricultural Supply and Demand Estimates and Crop Production reports are due out at 11 a.m. Our preview of the report will hit Tuesday or Wednesday, depending on the release of analyst estimates. On Thursday we will have WASDE numbers immediately after the reports are released, followed by updates with commentary and market reactions throughout the morning. DTN's Lead Analyst Todd Hultman will lead our report webinar at 12:30 p.m. To register for the free report, go here: https://www.dtn.com/….
2. South America crop watch: Southern Brazil could get a brief respite from heavy and flooding rains. The forecast is still for wet weather throughout the month. Argentina has fared better with 23% of the corn crop planted. The Buenos Aires Exchange notes that 87% of the planted area is now good or normal, up from the previous week.
3. Fertilizer imports spark interest: With retail fertilizer prices steady to slightly higher according to DTN's weekly fertilizer reports, there will be growing interest in last week's announcement that U.S. Department of Commerce agreed to lower import duties on Moroccan phosphate fertilizer from 19.97% to 2.12%. Our reporting on the duty decision is here: https://www.dtnpf.com/….
4. Weather warms for some: The Midwest starts the week with above-normal temperatures. But the weather pattern will stay active with additional showers possible, followed by cooler air. In the Northern Plains, the pattern will stay fairly active with occasional periods of showers, including some snow. The colder and wetter conditions will continue to make the remaining fieldwork difficult to accomplish. The Delta will see several systems more through during the week, bringing showers and more falling temperatures.
5. Economic reports to watch: Back from the weekend, you should be on standard time now or you may find yourself early for appointments. Monday starts with USDA's weekly report of grain export inspections set for 10 a.m., followed by Crop Progress at 3 p.m.
Tuesday sees U.S. trade deficit for September at 7:30 a.m.; U.S. consumer credit report is at 2 p.m., and USDA long-term price projections at also 2 p.m.
On Wednesday, because of a systems upgrade, the U.S. Energy Department's weekly report of energy inventories and natural gas will not take place that day -- or this week -- but will be back with updated data next week.
Thursday sees USDA's weekly export sales at 7:30 a.m., the same time as U.S. weekly jobless claims and an update of the U.S. Drought Monitor. U.S. factory orders for September will be out at 9 a.m. USDA's WASDE and Crop Production reports are due out at 11 a.m.
On Friday, Veterans Day is observed. U.S. government offices are closed, but markets and banks are open. CFTC data will not be released until Monday afternoon. University of Michigan's consumer sentiment index for early November will be released at 9 a.m. The deadline for a possible government shutdown is Nov. 17, one week away.
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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