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Tuesday, January 7, 2020

Tuesday Watch List

Markets
Early on Tuesday we'll have the trade deficit numbers out, along with factory orders and the manufacturing index. We'll also watch for any new reaction to the U.S.-Iran conflict. Weather in South American crop areas will be closely watched as well.

Weather
A small area of snow, ice and rain through the east-central U.S. during Tuesday. Rain through coastal areas of the Pacific Northwest and ice or snow across the northern Rockies to the northwestern Plains. Mainly dry elsewhere in the key U.S. crop and livestock areas during Tuesday. In South America we can expect scattered showers from the Parana area of southern Brazil northward and mostly dry conditions in the central and south Argentina crop belt. No significant hot weather in either Brazil or Argentina today.