Top 5 Things to Watch
Reports, Reports and Weather Reports
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of March 26. Watch for coverage of these and other topics through the week on our subscription platforms as well as on DTNPF.com.
1. Beware of corn and bean bears: The DTN commodity analyst team is continuing to watch for bearish market news as interest rates, bank closures and renewed saber rattling on the Black Sea grains front take headlines. DTN subscribers will know that we've recently made several marketing recommendations via our Six Factors Strategies. DTN Lead Analyst Todd Hultman talked about the soybean markets specifically in his recent Todd's Take, found here: https://www.dtnpf.com/….
2. Big grain reports: March 31 sees the release of the USDA Quarterly Grain Stocks report and the spring Prospective Plantings report. Watch for Hultman's preview of those reports midweek. Coverage of the actual reports will hit right after 11 a.m. CDT on Friday, with updates throughout the morning. You can hear more of what Hultman thinks about the report, and ask questions, during our markets webinar at 12:30 p.m. CDT. Register for that here: https://ag.dtn.com/….
3. The week will also include: Monday -- USDA's weekly grain export inspections; Tuesday -- U.S. consumer confidence index for March. Wednesday -- DOE weekly energy inventories; Thursday -- USDA weekly export sales, U.S. jobless claims, Q2 update of U.S. GDP numbers and the quarterly hogs and pigs inventory.
4. Spring storms roll in: As we write this, severe weather appears likely for Tennessee Valley March 25-27. This is on top of the flooding and other rain damage in Missouri, Texas and Oklahoma. The states of Tennessee, Kentucky, and down into Alabama have certainly had their share of rough early spring weather the past few years. We're also watching the Southern Plains area for March 30 weather. Weather models show another big ol' doozy of a storm churning up for that area. "Big ol' doozy" is an official meteorological term, by the way, according to DTN resident cloud whisperer John Baranick.
5. Vilsack talks to Congress: There were lots of conversations around expectations for the 2023 Farm Bill and ag spending in general last week during the Ag Day celebrations in Washington, D.C. Those talks continue with Agriculture Secretary Tom Vilsack testifying before the U.S. House Agriculture Committee on Tuesday. We'll watch for insights around those questions and, more importantly, the answers.
Be sure and watch for the latest news at www.dtnpf.com, and follow and like our Facebook page at www.facebook.com/dtnprogressivefarmer.
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