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Monday, September 14, 2020

Monday Watch List

Markets

The third Monday in September starts with traders keeping an eye on weather forecasts for the U.S. and South America and then pausing to see if there is an export sales announcement at 8 a.m. CDT. USDA's weekly report of grain export inspections is due at 10 a.m. CDT, followed by the Crop Progress report at 3 p.m.


Weather

Warm and dry conditions will cover most primary crop areas Monday. This pattern will favor crop maturation, row crop harvest and winter wheat planting. The Northwest has high wildfire risk with continued smoky air problems. Tropical Storm Sally threatens heavy rain in the Gulf Coast by midweek. The Pacific Ocean Southern Oscillation Index (SOI) 30-day moving average is at La Nina levels with a reading of plus 9.09.