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Monday, November 2, 2020

Monday Watch List

 Markets

The first Monday of November starts with the ISM index of U.S. manufacturing, due out at 9 a.m. CDT. USDA's weekly report of grain export inspections is out at 10 a.m. CDT, followed by a monthly Fats and Oils report at 2 p.m. and Crop Progress at 3 p.m. Traders will continue to monitor the latest weather forecasts and any export news that develops.

Weather

Warm and dry conditions across all major crop areas will favor harvest and fieldwork Monday. This combination is especially useful for areas that had rain and snow a week ago.