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Top 5 Things to Watch 09/06 04:53
Top 5 Things to Watch: Short Week Ends in Critical WASDE
The marketing week is shortened due to the Labor Day holiday Monday, but it
ends with a WASDE report that could further bullish sentiment in corn futures.
By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for
the week of Sept. 6. 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 Time unless
otherwise noted.
1. Short week: U.S. markets are closed Monday for the Labor Day holiday. DTN
market coverage will resume Tuesday morning with our Early Word columns.
2. WASDE Friday: Will USDA cut predicted corn and soybean yields? Weather
conditions and field scouting efforts point to that direction, which could
further drive a bullish trend to the market just as combines are beginning to
roll. We will post our WASDE Flash story with the latest yield, acreage and
grain stocks numbers moments after the 11 a.m. release, and update that story
throughout the morning. At 12:30 p.m. we'll start the Rhett's Reaction webinar,
featuring analysis by DTN Lead Analyst Rhett Montgomery. To sign up, go here:
https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.dtn.com%2F
wasde-webinars%2F&data=05%7C02%7Cgreg.horstmeier%40dtn.com%7C7b2ab4226bd544ac9c4
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IsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=wnu6AKkLezLay39rWCncu4%2BQ
F%2BhrOlKeZ6xuCczJly0%3D&reserved=0
3. Weather pattern remains: General rains the past week have been mainly
outside of key Corn Belt areas. The U.S. Drought Monitor has shown increasing
dryness into early September. We expect the hot temperatures and spotty, but
often severe, storms will continue this week. The South could see movement to a
cooler pattern by mid-September but will mostly remain similar to the past few
weeks. The Canadian Prairies will be the target of a couple more systems
through the week, producing areas of scattered showers and thunderstorms and
potential for more areas of heavy rain. That is unfavorable for harvest and may
produce quality issues for mature grain out in the field.
4. South America preps for planting: Soil moisture conditions in Brazil are
looking good. Less so in Argentina, though there is time for cold, mostly dry
conditions to improve by their main planting season in October.
5. Reports due this week: Monday, no reports due to the Labor Day holiday.
Tuesday at 10 a.m., Grain Inspections. At 2 p.m., Consumer Credit and at 3
p.m., Crop Progress numbers with DTN analysis of the crop's changes. Wednesday
at 7:30 a.m., Stats Canada stocks of principal field crops as of July 31. At 2
p.m., Broiler Hatchery data. Thursday at 7:30 a.m., Weekly Jobless Claims and
Producer Price Index (PPI) reports. At 9 a.m., Monthly Wholesale Trade and
Existing Home Sales. At 9:30 a.m., EIA weekly petroleum including ethanol
production and stocks. At 10:30 a.m., Weekly Economic Index. At 2 p.m.,
Slaughter Weekly data. Friday at 7:30 a.m., we'll see the Consumer Price Index
(CPI). At 1 p.m., the Monthly Treasury Balance, then at 11 a.m., the World
Agricultural Supply and Demand Estimates release (see item 2). At 2:30 p.m.,
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
news on Instagram as well. Give us a follow @dtn.agnews
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