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Top 5 Things to Watch 04/28 10:41
Sustainable Fuels Ruling, Storms Recovery, Mental Health Lead the Week
Week of April 28 we'll watch for the latest on planting progress, and a
possible ruling on sustainable aviation fuel credits. We'll also feature
stories from the May issue of Progressive Farmer, which looks at the state of
mental health care in rural America as well as provide useful information to
help maintain your mental wellness.
By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for
the week of April 28. Watch for coverage of these and other topics through the
week on our subscription platforms as well as on http://www.DTNPF.com. Note
that all report release times are Central Daylight Time unless otherwise noted.
1. Planting progress: There have been a lot of spring crops put in the
ground between rainstorms -- and it's also been a weekend of wild weather in
the heart of the country. On Monday, we'll cover USDA NASS's weekly Crop
Progress report, due out at 3 p.m., to get the national and state-by-state
perspective as we get ready to roll into May.
2. Stormy weather: From Friday through the weekend, the Plains and Midwest
have gone through several rounds of storms and severe weather, including an
outbreak of dangerous tornadoes, heavy rain, large hail and high winds. As
rural communities and cities cleaned up from the storm damage, there are areas
starting the week with flood watches and warnings stretching from Kansas and
Missouri down to the Gulf Coast. More rain is likely through the week and
weekend. Areas that need rain will welcome the moisture. We'll especially watch
Kansas, as drought continues to creep in there. In the Eastern Corn Belt and
Delta, where it's been wet, farmer hope to be spared more rainfall. On top of
watching planting progress around the storms, we'll keep tracking the potential
for severe weather threats.
3. Aviation fuel ruling: We could see a final rule on what products qualify
for the sustainable aviation fuel tax credit. Hanging in the balance is how
ethanol fairs as such fuel, and a favorable ruling could lift some weight off
corn prices.
4. Mental health special issue: This week, Progressive Farmer subscribers
will receive the May issue, which features an in-depth package on mental health
on the farm and in rural America. We'll look at the unique challenges farmers
and ranchers face, from significant stress to limited access to options in
rural areas. However, we'll also include the rays of hope -- including useful
information to help maintain your mental wellness and how to help others. We'll
kick off the coverage of those stories online later in the week.
5. Economic reports this week: Reports start Monday at 10 a.m. with U.S.
Grain Inspections. At 2 p.m. we'll see livestock and meat data and the latest
poultry production numbers, followed by USDA NASS's weekly Crop Progress report
at 3 p.m. Then Tuesday includes 7:30 a.m. release of Employment Cost Index,
then 8 a.m. S & P Case-Schiller Home Price Index. At 9 a.m. the latest Consumer
Confidence numbers are released followed by 2 p.m. NASS Agricultural Prices
report. Wednesday's reports include 7:15 a.m. ADP Employment numbers, 9 a.m.
Construction Spending, ISM Manufacturing and Job Openings (JOLTS). At 9:30 a.m.
is the EIA Weekly Petroleum numbers, including ethanol. At 1 p.m. the Fed's
interest rate decision becomes public, followed by Fed Chair Jerome Powell's
press conference at 1:30 p.m. At 2 p.m. we'll see the release of Broiler
Hatchery, Fats and Oils, Flour Milling and Grain Crushings reports. Thursday
starts with 7:30 a.m. release of Grain Export Sales, Initial Jobless Claims,
U.S. Trade Balance and Productivity reports. At 9 a.m. the Factory Orders
report hits, and at 10:30 a.m. is the Weekly Economic Index. Friday sees the
U.S. Employment and Unemployment and the U.S. Hourly Wages reports at 7:30 a.m.
At 2 p.m. is the Consumer Credit numbers, then the 2:30 pm. release of the
CFTC's Commitment of Traders report.
Watch for the latest news at http://www.dtnpf.com, and follow and like our
Facebook page at http://www.facebook.com/dtnprogressivefarmer. You can find our
news on Instagram as well. Give us a follow @dtn.agnews
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