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 June 4. Watch for coverage of these and other topics through the week on our subscription platforms as well as on DTNPF.com.

1. WASDE week again: Friday will see the June World Agricultural Supply and Demand Estimates report from USDA. We'll share expectations in our preview story Wednesday. As for the report itself, our initial report flash posts after 11 a.m. CDT, with updates through the morning. DTN Lead Analyst Todd Hultman will review the news in his monthly webinar at 12:30 p.m. that day. You can sign up for that webinar here: https://www.dtn.com/….

2. El Nino takes hold: The shift from La Nina to El Nino, something DTN meteorologists have talked about since early winter, appears to be moving along. Already we see winners and losers in terms of timely rainfall, a variability that is common with the "Little Boy" pattern.

For an updated look at the summer forecast, see DTN Ag Meteorologist John Baranick's take on it here: https://www.dtnpf.com/….

We're also watching how this weather change is influencing wheat country. For a perspective on that, from DTN Ag Meteorologist Emeritus Bryce Anderson, see here: https://www.dtnpf.com/….

3. Debt ceiling next steps: The government default may be averted, but there is much yet to learn about federal spending, including Supplemental Nutrition Assistance Program (SNAP) discussions. All this could affect farm bill negotiations going forward. We'll continue to watch and report what we learn as the details eke out.

4. GOP hopefuls: A smattering of potential Republican presidential candidates gathered in Iowa the last few days and on June 3. DTN Policy Editor Chris Clayton will follow up and what was said and what was heard.

5. Reports to watch: We'll have the weekly USDA Crop Progress Report Monday afternoon. Wednesday sees the U.S. trade deficit numbers and the U.S. Energy Department's weekly inventory reports. Thursday USDA releases its weekly export sales, plus the weekly U.S. jobless claims numbers come out and we'll see an update of U.S. Drought Monitor.

Be sure and watch for the latest news at www.dtnpf.com, and follow and like our Facebook page at www.facebook.com/dtnprogressivefarmer.

(c) Copyright 2023 DTN, LLC. All rights reserved.