Top 5 Things to Watch
Key Happenings the DTN Newsroom Is Tracking for the Week of Feb. 5-11
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of Feb. 5. Watch for coverage of these and other topics throughout the week on our subscription platforms as well as on DTNPF.com.
1. February WASDE report: It's grain report week, and we'll have both a preview on Monday, Feb. 6, and then immediate reporting on the February World Agricultural Supply and Demand Estimates (WASDE). DTN Lead Analyst Todd Hultman's preview will be up Monday to kick off the week. We'll begin coverage of Wednesday's (Feb. 8) report around 11:00 a.m. CST, immediately after the report is released by USDA. As usual, we'll update our report story throughout the morning with additional analysis and details. Hultman's monthly WASDE Webinar begins at 12:30 p.m.
To register for the webinar, where you can hear Hultman's analysis of the markets and ask live questions, look here: https://www.dtn.com/….
2. South American Crop: We're continuing to watch weather conditions and crop reports from South America, as those near-term updates will likely not be fully accounted for in the WASDE report. To keep up with DTN Ag Meteorologist John Baranick's global weather outlook, check out the daily Market Weather Outlook videos here:
For written updates on South American weather, and on the warmth coming to most of the U.S. in the coming week, check out our Ag Weather Forum blog here: https://www.dtnpf.com/….
3. Fertilizer continues to trend lower: We're now a month into the downtrend in fertilizer prices, especially most forms of nitrogen. DTN Staff Reporter Russ Quinn, who leads our fertilizer pricing and outlook coverage, reported this past week that overall nitrogen fertilizer cash prices were 9% lower than the previous month. Watch for the latest numbers Feb. 8. DTN paid subscribers can also find details on fertilizer prices in our fuels and fertilizers areas of our products.
4. River levels still a concern: Despite some precipitation across the Mississippi River valley, the heavy amounts stayed in the South and haven't lifted low water conditions in the nation's biggest water highway. Levels at St. Louis are still at -2 feet, or 2 feet below the "zero gauge" standard. Flood stage in St. Louis is +30 feet. The river level at Memphis has been around +14 feet; the flood stage there is +34 feet.
5. Cattle markets still chewing on herd size: While the week will be a quiet one for cattle reports, DTN Livestock Analyst ShayLe Stewart will continue to watch the market's response to the latest beef cow herd numbers being the lowest since records began more than 50 years ago. WASDE corn demand numbers will also be responding to those new herd size numbers.
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