OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of July 2. Watch for coverage of these and other topics throughout the week on our subscription platforms as well as on DTNPF.com.
1. Weather Damage Updates: We'll continue to watch and update how these strong weather systems bring good and not-so-good news to various parts of the country. Rain will be easing drought conditions, and looks to be particularly good for the southern half of the U.S. Hopefully that won't include more damaging winds and hail. Keep an eye on the Ag Weather Forum blog, and our morning Market Weather Outlook video for the latest. You can find the blog here: https://www.dtnpf.com/…. The daily video is here: https://www.dtnpf.com/…
2. Happy Independence Day: Markets will be closed July 4, with electronic markets reopening at 8:30 CDT Wednesday. We'll have grain and livestock market updates first thing Wednesday morning. Have a safe day celebrating and don't eat too many hotdogs.
3. Field Day Season: If you're traveling rural roads you can't help but see the sudden flush of bright field signs, a clue that field day season is upon us. The DTN/Progressive Farmer crew will be out and about, reporting on new products and things to come, as well as connecting with you. If you spot us at a field day in your area, say hello!
4. Hay and Forage Conditions: We're continuing to watch hay markets and forage conditions, particularly in the drier areas of the country. Farmers are in general reporting smaller grass hay crops, and prices remain strong.
5. Key Reports through the Week: Markets will key up on a number of economic reports coming out in the shortened week. Monday will see world manufacturing indices, including one from the U.S., at 9 a.m. CDT. USDA's weekly report of export inspections is at 10 a.m. and the Crop Progress report hits at 3 p.m. A new Fats and Oils report is due out at 2 p.m. Wednesday markets reopen, and we'll get the May U.S. factory orders report as well as the minutes from the latest FOMC (Fed) meeting. Thursday sees the weekly U.S. jobless claims report, the U.S. trade deficit for May and the highly anticipated U.S. Drought Monitor update. All those hit at 7:30 a.m. U.S. Energy Department's report on natural gas storage comes in at 9:30 a.m., followed by weekly energy inventories at 10 a.m. Friday we'll be watching the USDA export sales and the latest U.S. unemployment report, both set for 7:30 a.m. CDT.
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