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Wednesday, May 20, 2020

Wednesday Watch List

Markets
A steady return of gasoline demand has been one of the few hopeful indicators for the economy lately. Wednesday's weekly energy inventory report from the U.S. Energy Department will update gasoline demand, ethanol production and ethanol inventory. The usual topics of weather, exports and livestock slaughter levels will also be watched.

Weather
Moderate to heavy rain is in store for the southeastern U.S. Wednesday, with flooding threats and some crop washing out. Some of this rain will also reach the Ohio Valley and continue a very wet event in the southeastern Midwest. We'll also see periods of rain in the interior Northwest with some flood threat as well. Other crop areas will be dry.