On Wednesday, January 12, USDA will issue an updated World Agriculture Supply and Demand Estimate (WASDE) report. The report is anticipated to have an influence on the direction of commodity futures markets as South America production estimates are coming into focus. In recent weeks, South America has locked into weather patterns that are expected to reduce supply in production regions. The impact is also expected to carry influence in planting decisions made in the United States.
More below:
https://www.agweb.com/opinion/getting-ready-main-event
https://www.usda.gov/oce/commodity/wasde
https://www.usda.gov/oce/commodity-markets/wasde/secretary-briefing