By DTN Staff

OMAHA (DTN) -- Here are the Top 5 things the DTN Newsroom is tracking for the week of April 27. Watch for coverage of these and other topics through the week on our subscription platforms as well as on www.DTNPF.com.

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

1. Some drought relief, but not everywhere: A ridge will move into the West late next week. Disturbances around the ridge will keep precipitation patterns active. Multiple systems and fronts will continue to move through the Midwest to close out April and start May in a busy overall pattern that could limited planting in areas. A system on Monday and Tuesday may produce widespread severe weather. Several more days of widespread showers and thunderstorms are forecast for the Central and Southern Plains that will likely bring more rainfall to needed areas, but also with potential for severe weather and delays to planting. Temperatures may briefly fall behind the system, but should rise across the Plains for later next week and weekend, particularly across the north.

2. Wheat recovery awaits: Many wheat areas can use rainfall, particularly South Dakota and Nebraska areas with 40% of the crop rated poor to very poor. New crop prices continue to be stagnant, partially due to lower export bookings.

3. Tariff talks, or not: We're watching the conflicting reports on whether the United States and China are actually in talks about lessening trade tariffs, while reports grow that the U.S. and Japan are close to a trade deal.

4. U.S./Canada Relations skid: Trade news from the north is less positive as reports increase of Canada efforts to find domestic or non-U.S. suppliers for goods, while borders show a drop in truck crossings. Vacation areas in the U.S. report a drop in Canadian tourist business. We're also watching the results of Monday's election in Canada which will eventually determine whether the Liberal Party and its leader, Prime Minister Mark Carney, remain in power.

5. Economic reports for the week: Monday we'll see 10 a.m. release of Grain Inspections data and at 3 p.m. we'll have the latest weekly Crop Progress report, including DTN analysis. Tuesday, 7:30 a.m. is release time of U.S. Trade Balance, Retail and Wholesale Inventories data. At 8 a.m. the S&P Case-Shiller Home Price Index is due, followed by the 9 a.m. release of Consumer Confidence data. At 1 p.m. the latest Livestock and Meat Domestic Data and Poultry Production reports. Wednesday reports start at 7:15 a.m. with ADP Employment data. The latest Gross Domestic Product data is out at 7:30 a.m., as is Personal Income and Spending numbers. At 9 a.m. is PCE and Core PCE Index data for March. At 10 a.m. is the EIA Weekly Petroleum report, including ethanol. At 2 p.m. Agricultural Prices and Poultry Hatchery numbers are out. Thursday reports begin at 7:30 a.m. with Grain Export Sales and Initial Jobless Claims numbers. At 8:45 a.m. is the S&P Final Manufacturing PMI. At 9 a.m. Construction Spending data. At 1 p.m. is Commodity Costs and Returns figures, then at 2 p.m. comes Fats and Oils, Flour Milling Products, Grain Crushings and Slaughter Weekly data. Friday at 7:30 a.m. is U.S. Employment Report for April, the Unemployment Report and Hourly Wages figures. At 9 a.m. is Factory Orders data, then Weekly Economic Index at 10:30 a.m. At 2:30 p.m. is CFTC's Commitment of Traders Report.

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