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Tuesday, November 3, 2020

Tuesday Watch List

 Markets

Tuesday is election day in the U.S. and the morning's only official report is for September U.S. factory orders, set for 9 a.m. CST. Election-related gossip is likely to build through the day, but traders will still be attentive to the latest weather forecasts for the U.S., South America and Black Sea region. Any export news that emerges will also be noticed.

Weather

Warm and dry conditions will cover all crop areas Tuesday. Record or near-record highs are possible in many locations, especially north. This combination will favor continued harvest and wheat planting progress along with fall field work. Livestock conditions are beneficial as well.