By DTN Staff

OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of June 7. 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. New World Screwworm: We'll continue to follow the story lines of the June 4 confirmation of the first U.S. case of New World Screwworm since eradication in 1966, followed by a second case confirmed late June 5. Both were in Texas, approximately 5.6 miles apart. U.S. Secretary of Agriculture Brooke Rollins told press that additional samples from other herds were being tested. The pest has been regularly been found just south of the U.S./Mexico border. For the latest from DTN Senior Livestock Editor Jennifer Carrico, see here: https://www.dtnpf.com/… and to see reactions to the first case when it was confirmed, see https://www.dtnpf.com/….

2. June WASDE: June is a big month for government grain reports, with both a USDA World Agricultural Supply and Demand Estimates (WASDE) report and a month's end quarterly Grain Stocks report. Thursday we'll see the release of the June Crop Production and WASDE numbers. Watch for our report preview early in the week, then our WASDE flash article immediately after the 11 a.m. Thursday report release. Our monthly webinar, featuring analysis of DTN Lead Analyst Rhett Montgomery, is at 12:30 p.m. Thursday. Participants get to hear fresh analysis and there will be a question and answer session with Rhett at the end. To register for the free event, go here: https://www.dtn.com/…

3. Rains continue for now: The front expected to stall in the western Midwest this weekend will help set up continued rains through the week. That front, plus a trough in the Southwest and another system moving through the Northern Plains and Canadian Prairies, could bring widespread showers and thunderstorms through the middle of the country. The western trough will produce one or maybe two systems this week, targeting the Northern Plains and adjacent areas with precipitation. Showers in the Midwest may continue through the middle of next week as well. Cooler air will likely move into the middle of the country with the advancing trough by the weekend.

4. South American conditions: It has been very dry lately in much of Brazil, unfavorable for both corn and wheat. Though some showers may move through on Monday, drier conditions continue to be unfavorable for filling corn and wheat establishment. If the front can stick around, there may be more widespread rainfall mid-late next week. In Argentina, overall dry conditions switch to a rain system that will help soil conditions for wheat but may delay harvest of corn and soybean.

5. Reports due this week: Monday at 10 a.m., we'll see Grain Inspections then USDA NASS weekly Crop Progress at 3 p.m. On Tuesday at 7:30 a.m. we will get the U.S. Trade Balance, at 9 a.m., Existing Home Sales, and Wholesale Inventories. Wednesday at 7:30 a.m., Consumer Price Index (CPI) and Core CPI come out, then at 9:30 a.m. is the release of EIA's weekly petroleum report including ethanol production and stocks. At 1 p.m. is Monthly U.S. Federal Budget for May, then at 2 p.m., Broiler Hatchery. Thursday at 7:30 a.m. we'll see Grain Export Sales, Initial Jobless Claims, Producer Price Index (PPI) and Core PPI. Then at 10:30 a.m., Weekly Economic Index, followed at 11 a.m. by USDA Crop Production and June WASDE report. At 2 p.m. we'll see Slaughter Weekly. Friday, at 9 a.m., Consumer Sentiment for June is released, followed at 2:30 p.m. by the CFTC's Commitment of Traders report.

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