By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of July 28. Watch for coverage of these and other topics through the week on our subscription platforms as well as on www.dtnpf.com. Note that all report release times are Central Daylight Time (CDT) unless otherwise noted.
1. August heat rolls in: The United States Corn Belt will see hotter conditions in most areas this week. The Midwest sees more chances of showers, potentially severe, but those will be hit-and-miss through the week. Things are hotter and drier in the Plains, warmer as well in the Northern Plains and into Canada. Northern corn and soybeans crops can use some warmth after a cool and late start. What's unlikely is more rain to help. Here's the blog about the August weather outlook from DTN Ag Meteorologist John Baranick: (https://www.dtnpf.com/…) and Reporter's Notebook video on the topic: https://www.dtnpf.com/….
2. Crop condition watch: With weather systems turning warmer and rain spottier, we'll dig into the latest USDA NASS weekly Crop Progress report numbers Monday afternoon to judge where the overall crop sits as August moves in.
3. New interest rate? As we note below, Wednesday is the second day of the July meeting of the Federal Open Market Committee, followed by announcement of any adjustments to federal funds interest rates. The usual press conference with Fed Chair Jerome Powell is later Wednesday afternoon. Our Under the Agridome columnist Philip Shaw recently wrote about how Canada has lowered its interest rate and the possible impact. See: https://www.dtnpf.com/…
4. Wildfire watch: As wildfires grow in the U.S. and Canada, we'll be tracking damage areas. During the last few days several communities have had to be evacuated as fires spread. For our latest comments on current fires, see the Ag Weather Blog here: https://www.dtnpf.com/….
5. Economic reports to watch: Monday. At 10 a.m., we see the latest Grain Inspections numbers. At 2 p.m. USDA releases Livestock and Meat Domestic Data plus Egg Products numbers. At 3 p.m. we have the USDA NASS weekly Crop Progress report including DTN analysis of those numbers. Tuesday sees the 8:15 a.m. Case-Shiller Home Price Index, followed by the 9 a.m. release of Consumer Confidence and Job Openings data. Wednesday reports begin at 7:15 a.m. with ADP Employment stats, then 9 a.m. the release of the Pending Home Sales Index. At 1 p.m., we'll get the FOMC Interest Rate Decision, followed by Fed Chair Powell's press conference at 1:30 p.m. At 2 p.m. we'll see Agricultural Prices and Broiler Hatchery reports. Thursday kicks off with Grain Export Sales and Initial Jobs Claims data at 7:30 a.m., then the 8:45 a.m. comes the S&P U.S. Manufacturing PMI data. At 9 a.m., Construction Spending. Friday reports start at 7:30 a.m. with U.S. employment report and U.S. Unemployment Rate and Hourly Wages. At 9 a.m. the latest Factory Orders data is released, then at 2:30 p.m. the CFTC Commitment of Traders report is released.
Bonus DTN content: DTN Crops Technology Editor Pamela Smith talks to Field Posts Podcast Host Sarah Mock about the weekly View From the Cab column in this week's podcast. 2024 marks the 20th anniversary of the View From the Cab column at DTN, which follows two farmers from different parts of the country over the course of an annual growing season. Today, the tradition is carried on by Smith, who for the last seven years has been talking to growers each week on everything from production decisions and technology adoption to family dynamics and their vision for the future.
On this week's podcast, Smith joins Mock for a behind-the-scenes look at how the View From the Cab stories came to be, and how the experience looks for the producers in the hot seat. They talk about the long history of the program, how it's evolved, and what the future might hold for it. They dig into the archives to hear about some of Pam's most memorable experiences working with these farmers, and learn why you might be interested in raising your hand to participate in the future.
You can hear it on the most recent Field Posts podcast at https://www.dtnpf.com/…. Check out our other podcasts also at that site.
Watch for the latest news at www.dtnpf.com, and follow and like our Facebook page at www.facebook.com/dtnprogressivefarmer. You can find our news on Instagram as well. Give us a follow @dtn.agnews
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