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Top 5 Things to Watch 02/22 04:59
Trade Rules Up in the Air: Tariff Changes Fall Ahead of Ag Conventions
We'll cover major ag industry conventions and look for responses to the
Supreme Court 6-3 decision that the president doesn't have authority to set
sweeping tariffs against trade partners.
By DTN Staff
OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for
the week of Feb. 22. Watch for coverage of these and other topics throughout
the week on our subscription platforms as well as on http://www.DTNPF.com.
Note that all report release and webinar times are Central Standard Time
unless otherwise noted.
1. Tariff ruling shock waves: The Feb. 20 Supreme Court decision ruling
against the Trump administration's tariffs will continue to send economic waves
through U.S. industries, particularly trade-heavy agriculture. Watch for more
reporting on that in general and from the many ag conferences happening this
week.
2. Commodity Classic this week: Speaking of those conferences, we'll have a
number of reports from the annual commodity group conference and trade show in
San Antonio, Texas. DTN will be at booth 1047 talking about some upcoming
products for farmers and for others in agriculture. If you're attending
Classic, stop by, say hello, and learn more.
3. Ethanol news: We'll also be reporting on 45z, tariff-decision
implications and other news from the National Ethanol Conference, in Orlando,
Florida.
4. Drought help for some: The past week featured big precipitation events,
including hail in central Illinois, while wildfires broke out in dry Oklahoma
and Kansas areas. A couple of storm systems are likely this week, favoring
northern areas of the Plains, not the dry swath that reaches from Missouri
across high-production areas of Illinois and Indiana into northwestern Ohio.
Strong winds associated with these systems could dry soils quicker, especially
with temperatures rising again next week.
5. Reports due this week: Monday at 9 a.m. sees Factory Orders for December
and Multivariate Core Trend Inflation. At 10 a.m. we'll have Grain Inspections
numbers, then Chicken and Eggs data is released at 2 p.m. Then, Tuesday at 8
a.m. is S&P Case-Shiller Home Price Index numbers, followed at 9 a.m. by
Wholesale Inventories for December and Consumer Confidence for February and New
Home Sales. Wednesday at 9:30 a.m., EIA's Weekly Petroleum Status including
ethanol production and inventory numbers. At 2 p.m., is Broiler Hatchery data.
Thursday at 7:30 a.m., Grain Export Sales and Initial Jobless Claims comes out,
followed at 10:30 a.m. by Weekly Economic Index, then at 2 p.m., Crop Values
and Slaughter Weekly numbers. Friday at 7:30 a.m., are Producer Price Index
(PPI) and Core PPI. At 8:45 a.m., we'll see Chicago Business Barometer followed
at 9 a.m. by Construction Spending (these are delayed data from November). At 2
p.m., Poultry Slaughter and Egg Products is released, followed at 2:30 p.m.,
the CFTC Commitment of Traders report.
You can find DTN Field Posts podcasts at https://dtn.link/FieldPostsPodcast,
or https://www.dtnpf.com/agriculture/web/ag/videos/field-posts-podcasts and
they're also available on podcast hosting sites such as Apple Podcasts and
Spotify.
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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