Track interest rate trends in benchmark rates, farm mortgages, operating credit, farm machinery and feeder loans, based on DTN sources and Federal Reserve surveys of ag banks.
What DTN Is Watching
With continuous attention on rising coronavirus statistics, the market may not be in the mood for much fun on April fool's day. Wednesday's energy inventory reports from the U.S. Energy Department at 9:30 a.m. CDT have an increased audience these days, providing clues of gasoline demand and ethanol production. Economic reports include ADP employment at 7:15 a.m. and ISM's index of U.S. manufacturing at 9 a.m. A Fats and Oils report from NASS concludes the day's scheduled reports at 2 p.m. CDT.Weather
A rain-snow combination is in store for the Northern Plains Wednesday, hindering late-corn harvest efforts and causing livestock stress. Cold conditions are also on tap for the northwestern Plains into the western Canadian Prairies. Other crop areas will be dry except for light rain in portions of the western Midwest.