Top 5 Things to Watch

By DTN Staff

OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of May 3. Watch for coverage of these and other topics throughout the week on our subscription platforms as well as on www.dtnpf.com.

Note that all report release times are Central Daylight Time unless otherwise noted.

1. Market drivers: Traders will keep an eye on Iran developments along with U.S. and South American weather and any new old-crop soybean demand.

2. Farm bill advances: We'll monitor the farm bill advancement following last week's passage in the House. For our latest piece on the bill, see here: https://www.dtnpf.com/….

3. USB refusals: We're watching the unexplained decision by the Trump administration refusing to approve the nominations of five people, including four females, nominated to the United Soybean Board. For the latest, see here: https://www.dtnpf.com/….

4. Weather stays stormy: A conglomeration of troughs continue across the Central and East, a ridge is still pushing into western Canada, and another trough is moving underneath the ridge into the Southwest. That trough will continue across the far south during the next few days. The main trough complex may shift a bit to the east this week, but will largely stay intact through next week, getting fed by some additional disturbances moving over or through the western ridge.

5. Reports due this week: Monday at 10 a.m., Grain Inspections. At 3 p.m. USDA NASS Crop Progress, including DTN analysis. Tuesday at 7:30 a.m., U.S. Trade Balance March. At 9 a.m. are Job Openings (JOLTS) for March and New Home Sales for February and March. At 2 p.m., County Estimates for corn, soybeans and sorghum. Wednesday at 7:15 a.m., ADP Employment. At 9:30 a.m. EIA Weekly Petroleum, including ethanol production and stocks. At 2 p.m., Broiler Hatchery and Dairy Products. Also, Statistics Canada will release the stocks of principal field crops. Thursday at 7:30 a.m. will see Grain Export Sales, Initial Jobless Claims, and U.S. Productivity. At 9 a.m., Construction Spending. At 10:30 a.m., Weekly Economic Index. At 2 p.m., Slaughter Weekly. Friday at 7:30 a.m., U.S. Employment report, U.S. Unemployment rate and U.S. Hourly Wages. At 9 a.m. Wholesale Inventories for March and Consumer Sentiment May (preliminary). At 2 p.m., Agricultural Chemical Usage -- Field Crops, as of March 31.

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