Wednesday, September 23, 2020

Wednesday Watch List

Markets

On Wednesday morning we will get a manufacturing Purchasing Manager's Index (PMI) report. At 10:30 a.m., Fed Chairman Jerome Powell will speak on the coronavirus. We will of course be watching for new sales of corn and soybeans to China at 8:30 a.m. central, and we'll watch weather in both the Black Sea and South America.


Weather

Moderate to locally heavy rain from former Tropical Storm Beta is in store for the Delta Wednesday. The rain will disrupt harvest and may damage open-boll cotton. A few showers will also form in the far northern Plains. Dry and warm conditions elsewhere will allow for continued row crop harvest and winter wheat planting.