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Tuesday, February 11, 2020

Tuesday Watch List

Markets
USDA's WASDE report is set to be released at 11 a.m. CST Tuesday and the focus will likely be on U.S. export estimates and South American crop estimates. This will be USDA's first WASDE since the phase-one agreement was signed and that adds a little more drama to what is usually a quiet February ritual. Weather and any trade news that develops will round out trader interests.

Weather
Continued wet weather for the Southern Plains through the Delta and into the Mid-Atlantic Tuesday. Another round of heavy rainfall with a developing system through the same areas Wednesday and Thursday. Some moderate snow will accompany this round for the southwestern Plains Tuesday, spreading into the Midwest on Wednesday and Thursday. Colder air returns, albeit briefly, Wednesday through Friday across the Northern Plains and upper Midwest with some of the coldest air of the season and potential for a ground blizzard in the Red River Valley of the North.