The week ahead in agriculture
Weather outlooks this week. The monthly long-range forecast updates come out Thursday next week, and that will provide a look at what the weather picture looks like as we head into key times in the corn and soybean growing seasons. The outlooks for August and August-October will be out Thursday morning.
Crop Progress updates. After the slight uptick in corn and soybean crop ratings this week, and weather that traders viewed as crop friendly, expectations will be for even more improvement in those condition marks when the data comes out Monday morning. The figures will reflect conditions as of July 13.
Hearings on markets. This week will continue the focus on efforts by lawmakers to put limits or change rules in trading of commodities. The Commodity Futures Trading Commission has been under fire for the situation, but maintain they need more staff to be able to adequately assess the situation.
CRP court date. There will be a hearing July 17 in U.S. District Court on the injunction granted that halted activity on Conservation Reserve Program (CRP) haying and grazing efforts. USDA will no doubt defend the effort strongly as it seeks to restore the effort they announced in May.
Crop Progress updates. After the slight uptick in corn and soybean crop ratings this week, and weather that traders viewed as crop friendly, expectations will be for even more improvement in those condition marks when the data comes out Monday morning. The figures will reflect conditions as of July 13.
Hearings on markets. This week will continue the focus on efforts by lawmakers to put limits or change rules in trading of commodities. The Commodity Futures Trading Commission has been under fire for the situation, but maintain they need more staff to be able to adequately assess the situation.
CRP court date. There will be a hearing July 17 in U.S. District Court on the injunction granted that halted activity on Conservation Reserve Program (CRP) haying and grazing efforts. USDA will no doubt defend the effort strongly as it seeks to restore the effort they announced in May.