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Friday, January 10, 2020

Friday Watch List

Markets
Early Friday morning features non-farm payrolls and the unemployment rate. There is a slew of ag-related information. First is export sales at 7:30 central. At 11 a.m. the USDA and WASDE January report is out including final production, December 1 stocks and winter wheat seeding. After the close, we'll see the CFTC Commitment of Traders report. We'll be watching South American weather and the U.S.-Iran conflict as well.

Weather
Heavy rain and thunderstorms with a flooding risk from the southeast Plains through the south and east Midwest and the Delta Friday and Saturday. Snow, ice and some mixed precipitation from the southwest and central Plains through portions of the west-central and north-central Midwest during this time. Increased stress to livestock in the feedlots of southwest Kansas and the Texas Panhandle, travel and transport concerns elsewhere in these locations. Rain, ice and snow also over the Pacific Northwest across to the northern Rockies. Little elsewhere in the U.S. areas. Southern Brazil corn and soybean areas continue hot today but may see scattered thunderstorms this afternoon and tonight. Central Argentina crop areas again saw thunderstorms during the night and are not very hot.