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Top 5 Things to Watch 10/12 08:24
Top 5 Things to Watch: Weather Continues to Hamper Grain Quality
Remnants of weekend hurricanes could bring harvest-delaying rains, worsening
grain-quality concerns.
By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for
the week of Oct. 11. 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 Savings Time unless
otherwise noted.
1. Harvest Watch: Farmers in many areas of the country will be rushing to
bring in corn, soybeans and other fall crops in between rains. Markets will
focus on the speed and quality of that harvest as they adjust to the
higher-than-expected yield forecasts from the October WASDE report.
2. Harvest Quality Issues: Moldy corn, sprouting soybeans, chia pet hay
bales--we're watching a list of less-than-great quality issues grow due to wet
weather, high humidity and delayed harvests. We'll likely be tracking those
issues into winter.
3. Focus on Costs: Latest farmer surveys and general conversations show
farmers are continuing to focus on ways to cut costs on fuel, fertilizers and
other inputs due to disruptions from the wars in Iran, the Black Sea, and
general inflation. By most accounts, state and federal moves to allow the
highway use of off-road, red dye diesel are having little influence due to
access, supplies and issues around road taxes eventually needing to be paid.
4. Weather all about the tropics--warm and dry this week. Harvest will be
brief, though, with more tropical storms over the next week. The remnants of
Isaias and Rachel will be influencing conditions. A trough in the West is
sending the remnants of Hurricane Rachel across the northern tier of the U.S.
early this week, but will slowly move eastward for the rest of the week,
getting some help from another trough moving through Canada late in the week. A
large ridge will develop behind those troughs and push eastward this weekend.
In the Central Plains, a system will move into the region on Wednesday, pulling
in some tropical moisture ahead of it, which may result in some areas of heavy
rain Tuesday through Thursday. This could further disrupt harvest in areas that
have already dealt with disruptions and damage. In the Midwest, remnants of
Rachel will move across the north Monday and Tuesday, and another system will
move through Wednesday through Friday with more widespread showers and
thunderstorms. Some colder air will follow behind the system for the weekend,
but will pop right back up going into early next week.
5. Reports Due This Week: Monday is Columbus Day in the U.S., and there will
be no government reports. Canada will celebrate Thanksgiving. Tuesday at 9
a.m., Existing Home Sales. At 10 a.m., Grain Inspections. At 1 p.m., Monthly
Treasury balance for September; then at 2 p.m., Turkey Hatchery data. At 3
p.m., the weekly Crop Progress report with DTN analysis. Wednesday at 7:30
a.m., Consumer Price Index (CPI) for Sep and Core CPI. At 1 p.m., the Federal
Reserve Beige Book is released. At 2 p.m., Broiler Hatchery numbers. Thursday
at 7:30 a.m., Empire State Manufacturing Survey for October, Retail Sales data
for September, Weekly Jobless Claims and Producer Price Index (PPI). At 9 a.m.,
Manufacturing and Trade Inventories for August. At 10:30 a.m., Weekly Economic
Index followed at 11 a.m. by the EIA weekly petroleum status, which includes
ethanol data (delayed). At 2 p.m., Slaughter Weekly. Friday at 7:30 a.m., Grain
Export Sales (delayed). At 8:15 a.m., Industrial Production and Capacity
Utilization. At 2:30 p.m the CFTC's Commitment of Traders report.
You can find DTN Field Posts podcasts at https://dtn.link/FieldPostsPodcast,
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
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