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Tuesday, November 2, 2021

Tuesday Watch List

There are no official reports on Tuesday's docket. Traders will consider the findings from Monday afternoon's Crop Progress report, check the latest forecasts and watch for any sign of an export sale. The Federal Reserve starts a two-day meeting and will have an announcement out Wednesday afternoon.

Weather

A frontal boundary continues to sag south through the country on Tuesday. A system forming along the front will bring scattered showers to the Southern Plains through Wednesday, while continuing to bring down the coldest temperatures of the season so far. Widespread frosts and freezes will continue to impact a majority of the country's growing regions, slowing growth on winter wheat.