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May WASDE, A North Dakota View and Weather

Here are the Top 5 things the DTN Newsroom is tracking for the week of May 7. Watch for coverage of these and other topics throughout the week on our subscription platforms as well as on DTNPF.com.

1. May Grains Report, WASDE on Friday: The latest World Agricultural Supply and Demand (WASDE) report drops at 11 a.m. CDT. This is the month when USDA shifts crop years, so there is typically a bit of adjusting to production numbers. DTN Lead Analyst Todd Hultman will have a report preview ahead of the actual report; he will hold an hour-long webinar discussing the report's effect on markets at 12:30 CDT on Friday. To register for the webinar, go here: https://www.dtn.com/….

2. Global water issues: Farm leaders from around the world are gathering in Lincoln, Nebraska for the 2023 Water For Food Global Conference. We'll cover the event which tackles issues around the ongoing conflict between urban and rural/farm uses of water, and the challenges brought on by climate change, soil degradation, water access and economic disparity.

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Trending Video

NEW “FEMO” = AI STOCK FRENZY!

Video: NEW “FEMO” = AI STOCK FRENZY!


The new acronym on Wall Street is not “FOMO”, its “FEMO” - Fabulous Earnings Momentum. DELL this week crushed their earnings and revenue guidance sending the stock up 40%! Micron's valuation went from 500 billion to 1 trillion in 48 days!
U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.