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Wednesday, March 4, 2020

Wednesday Watch List

Markets
Wednesday's first report shows U.S. private sector employment from ADP at 7:15 a.m. CST, followed by weekly energy inventories from the U.S. Energy Department at 9:30 a.m. The Federal Reserve's Beige Book is due out at 1 p.m. CST. Traders remain interested in South American weather, any trade news and increasing coronavirus numbers.

Weather
Moderate to heavy rain is in store from central Texas eastward to Georgia Wednesday. The rain will produce saturated soils and bring on a threat of flooding along with severe storm potential. Other crop areas will be dry, with strong winds leading to high fire risk in the central Plains and southern Texas.