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Monday, February 24, 2020

Monday Watch List

Markets
Coronavirus remains a concern to markets with infections spreading beyond China. With the Ag Outlook Forum concluded on Friday, traders will be back to checking South American weather forecasts and watching for any trade news to emerge. USDA's weekly report of export inspections is due out at 10:00 a.m. CST, followed by a monthly cold storage report at 2 p.m.

Weather
Moderate to locally heavy rain is in store for the southern Midwest and Delta Monday, keeping soils saturated and threatening flooding. Meanwhile, snow will develop in the northern and western Plains, adding to meltwater supply for spring flood potential.