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Friday, October 9, 2020

Friday Watch List

Markets

After traders look over the latest weather forecasts and pause at 8:00 a.m. CDT to see if USDA has an export sale announcement, all attention will be on USDA's WASDE and Crop Production reports, due out at 11 a.m. CDT. Corn and soybean crop estimates will be updated and lower ending stocks estimates are likely for new-crop corn and soybeans as a result of last week's Grain Stocks report.


Weather

Friday is the end of a dry week across the central U.S. with favorable conditions for harvest and wheat planting. Warm temperatures will enhance crop and soil drying. The Delta has a different story, with heavy rain and damaging winds on the way from Hurricane Delta.