OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of Jan. 7. Watch for coverage of these and other topics through the week on our subscription platforms as well as on www.DTNPF.com.
All times listed below are in Central Standard Time (CST) unless otherwise mentioned.
1. WASDE Friday: This week marks the release of several important USDA reports, including the "final" corn and soybean yield and production numbers of the 2023 U.S. crop season. The January World Agricultural Supply and Demand Estimates (WASDE) report hits the wires at 11:00 a.m. We will post those numbers shortly after 11, with updates and analysis throughout the morning. Our preview expectations for the report will be available mid-week. As usual, we'll host a webinar on the reports with DTN Lead Analyst Todd Hultman at 12:30. To register for that webinar, go here: https://www.dtn.com/….
2. Big storm coming: A broad winter storm rolls into the upper Plains early in the week. As DTN Ag Meteorologist John Baranick noted in his latest Ag Weather Forum blog, this is really the first concentrated monster storm of the season. Livestock health is one of the chief concerns, as this storm will be for some areas the first bitter taste of winter some animals will get. You can read Baranick's thoughts on it, and on the polar vortex that will move in later in the week, in that blog space here: https://www.dtnpf.com/… and here: https://www.dtnpf.com/….
3. Speaking of weather: Grain traders continue to watch how South American crop conditions are shaping up, as that part of the world continues to be the market trend maker. We'll have updates in a number of spots, from the Ag Weather Forum blog to our daily market commentary. DTN customers should know that the latest global market conditions lead to us finishing up marketing of the 2023 corn crop this past week, while we continue to recommend holding a bit of soybean harvest. To learn more about our proprietary Six Factors Strategies and get a free trial of the full MyDTN package, go here: https://www.dtn.com/….
4. Cattle looking for news: A New Year uptick in cattle futures prices that started this past week ran out of gas by week's end. We'll watch for potential weather-driven trade disruption, though the general call is for steady prices in live trade and limited sales activity.
5. Economic reports to watch: On Monday, weekly grain inspections will be released at 10 a.m. The latest Consumer Credit report is out at 2 p.m. On Tuesday, the latest trade deficit numbers are at 7:30 a.m. Final field crop estimates will be released at 2 p.m. Wholesale inventories are out Wednesday at 9 a.m., with the weekly petroleum report at 10 a.m. That report includes ethanol production and inventory. On Thursday, economic attention turns to the Initial Jobless Claims report, the Consumer Price Index (CPI) and Core CPI numbers, all due at 8:30 a.m. U.S. grain export sales will be released at 7:30 a.m., with Hogs and Pigs Final Estimates out at 2 p.m. Finally, Friday kicks off with the Producer Price Index (PPI) and Core PPI out at 7:30 a.m. At 11 a.m. is WASDE, January Crop Production, the Dec. 1 Grain Stocks numbers and winter wheat seedings.
Watch for the latest news at www.dtnpf.com, and follow and like our Facebook page at www.facebook.com/dtnprogressivefarmer.
(c) Copyright 2024 DTN, LLC. All rights reserved.