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Wednesday, October 14, 2020

Wednesday Watch List

 Markets

On Wednesday, the Labor Department's report of U.S. producer prices at 7:30 a.m. CDT is the only official item on the docket. Traders will continue to monitor the latest weather forecasts and watch for any news of export sales. The Energy Department's weekly inventory report will be released Thursday, due to Columbus Day.

Weather

Light rain is in store across the Northern Plains and the northern Midwest Wednesday, bringing some delay to harvest. Other crop areas will be dry with favorable harvest conditions. Southern Plains wheat fields have no rain indicated during the balance of the week. In the Pacific Ocean, La Nina shows strengthening to moderate intensity.