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Monday, February 3, 2020

Monday Watch List

Markets
It is highly likely Monday will start with attention on higher counts of coronavirus infections and a surprise is possible. ISM's index of U.S. manufacturing comes out at 9 a.m. CST, followed by USDA's weekly report of export inspections at 10 a.m. At 2 p.m. CST, NASS's Fats and Oils report will show soybean crush totals for December.

Weather
A strong storm system in the Colorado Rockies will bring heavy snow to the western Plains and a freezing precipitation and snow mix to the central Plains Monday. Other crop areas will be dry. The Rockies storm is on track to produce areas of heavy snow in the Southern Plains and heavy rain in the southern Midwest and Delta Tuesday.