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Tuesday, May 4, 2021

Tuesday Watch List

The U.S. Census Bureau will release the U.S. trade deficit for March at 7:30 a.m. CDT, followed by a report on U.S. factory orders at 9 a.m. CDT. Traders will look at the latest weather forecasts and watch for any news of export sales. USDA will release export data for agricultural goods later Tuesday morning.

Weather

Light to moderate rain is in store for the eastern and southern Midwest through the Delta and Southeast Tuesday. The rain will disrupt planting progress. Dry conditions elsewhere will favor fieldwork. Temperatures will be above normal in the southeast and seasonal to below normal in other crop areas.