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Top 5 Things to Watch
7/26 4:58 AM

OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of July 26. Watch for coverage of these and other topics throughout the week on our subscription platforms as well as on www.DTNPF.com.

Note that all report release times are Central Daylight Time unless otherwise noted.

1. Fed interest rate changes: The Federal Open Market Committee (FOMC) holds its two-day meeting on Tuesday and Wednesday. The committee will issue its policy statement and interest rate decision at 1 p.m., with Fed Chair Kevin Warsh's press conference at 1:30 p.m. This meeting does not include the Summary of Economic Projections.

2. Farm bill movement: With the House out for the summer, attention on farm bill and other legislation turns to the Senate, which has a lot of territory to cover before it is scheduled for Aug. 7 recess.

3. Office woes at USDA: We're continuing to document the benefits and pitfalls of the staff cuts and relocation efforts within USDA offices, particularly FSA and NRCS. Want to weigh in? See our DTN 360 Poll on the home page of our public web site here: www.dtnpf.com/agriculture/web/ag/home

4. World weather: The cool snap enjoyed over much of the United States this past week is quickly gone and heat will return. There are still chances for spotty rains, particularly in the Eastern Corn Belt. As crop reports come in, we're continuing to see how corn, soybeans and other summer crops are holding on with June rainfall.

5. Reports due this week: Monday at 7:30 a.m., Durable Goods for June, then at 3 p.m., USDA NASS weekly Crop Progress, including DTN analysis of crop conditions. Tuesday at 7:30 a.m., Advanced Economic Indicators for June, and Wholesale and Retail Inventories for June. At 8 a.m., Case-Shiller Home Price Index. At 9 a.m., the latest Consumer Confidence numbers. Wednesday at 9:30 a.m., EIA weekly petroleum status report, including ethanol production and stocks. At 1 p.m., the Fed interest rate decision. At 2 p.m., Broiler Hatchery. Thursday has a few starting at 7:30 a.m.: Grain Export Sales, Advance estimate GDP, Jobless Claims, Personal Income and Spending. At 10:30 a.m., Weekly Economic Index. At 2 p.m., Slaughter Weekly. Friday: At 7:30 a.m., Employment Cost Index. At 8:45 a.m., Chicago Business Barometer. At 2 p.m., Agricultural Prices, Egg products and Cash Rent by state. At 2:30 p.m., CFTC's Commitment of Traders report. Also, the current crop year for Canadian canola, wheat, barley, oats, and pulses ends July 31.

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