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Tuesday, August 18, 2020

Tuesday Watch List

Markets
Traders will check the latest weather forecasts early Tuesday and consider the latest ratings in Monday afternoon's Crop Progress report. At 7:30 a.m. CDT, the U.S. Census Bureau will release July's housing starts. The market will also watch for any trade news that might develop.

Weather
Tuesday will again be dry across primary crop areas. Thunderstorm activity will be isolated in portions of the Northern Plains and Ohio Valley. This combination favors spring wheat harvest but is unfavorable for late-season row crop moisture. Meanwhile, extreme heat and fire danger remain in effect throughout the western U.S.