| |
Top 5 Things to Watch 07/12 04:58
Top 5 Things to Watch: Weather, Markets and Trade Conflicts
Trade and heat waves lead the things to watch during the week of July 12.
By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for
the week of July 12. Watch for coverage of these and other topics throughout
the week on our subscription platforms and at http://www.DTNPF.com.
Note that all report release times are Central Daylight Savings Time unless
otherwise noted.
1. Weather Market Set Up: With the July WASDE out of the way, traders return
to watching weather and crop reports. Corn exports remain positive, and
domestic soybean crush numbers have helped support futures of that crop. The
next big USDA report will be August 12, which falls in the middle of DTN's
annual Digital Yield Tour data release. Watch for more information on both.
2. Heat Returns, But How Much?: Temperatures could soar across the Northern
Plains and Upper Midwest this week. Widespread high temperatures in the 90s
Fahrenheit, with potential to reach into the triple digits from Montana to
Minnesota between July 11 and July 14. How much of that heat reaches key corn
areas is still up for debate, as forecast models disagree on whether this heat
should be pushed back to the western states or spread eastward through the
Midwest and Northeast. For more on the model debate, see Ag Weather Forum here:
https://www.dtnpf.com/agriculture/web/ag/blogs/ag-weather-forum/blog-post/2026/0
7/08/model-disagreement-heat-wave-next
In Canada, the coming weather pattern should dry out wetter areas, helping
crop growth. We may be on the lookout for some dry spots showing up if this
warmer and drier pattern persists for too long, however.
3. Scattered Rains in South America: A front will move through northern
Argentina and southern Brazil with some showers through Monday. A front will
move into Argentina late this week with scattered showers.
4. Trade Conflicts: We'll continue to track cattle producer efforts to
increase fees on imports of Brazilian beef into the U.S., while ethanol
producers are asking the government to push for lowered duties on U.S. ethanol
exports into Brazil.
5. Reports Due This Week: Monday at 10 a.m., Grain Inspections. At 1 p.m.,
the Monthly Treasury balance. At 2 p.m., Turkey Hatchery, then at 3 p.m., the
weekly USDA Crop Progress report and DTN analysis. Tuesday at 7:30 a.m.,
Consumer Price Index (CPI), CPI year on year and Core CPI data. At 9 a.m., Fed
Chair Warsh presents monetary policy to the U.S. House Financial Services
Committee. Wednesday at 7:30 a.m., Producer Price Index (PPI), Core PPI
(excludes food and energy), and Personal Consumption data. At 9:30 a.m., EIA's
weekly petroleum status, including ethanol production and stocks. At 2 p.m.,
Broiler Hatchery and Agricultural Chemical Usage reports. Thursday at 7:30
a.m., Grain Export Sales, Retail Sales (June) and weekly Jobless Claims. At 9
a.m., NAHB Housing Market Index, Pending Home Sales Index and Business
Inventories. At 10:30 a.m., Weekly Economic Index. At 2 p.m., Slaughter Weekly.
Friday at 7:30 a.m., Housing Starts for June, Import Prices. 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://www.buzzsprout.com/1019197/episodes, 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
news on Instagram as well. Give us a follow @dtn.agnews
(c) Copyright 2026 DTN, LLC. All rights reserved.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
|
|
