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Wednesday, July 6, 2022

Wednesday Watch List

Traders keep a close watch on the latest weather forecasts this time of year and will be digesting Tuesday afternoon's Crop Progress report from USDA. At 1 p.m. CDT, Fed watchers will be able to read minutes from the most recent Open Market Committee meeting, likely full of hawkish comments. Many of this week's reports are shifted forward one day, due to the holiday schedule.

Weather

Showers and thunderstorms continue in the forecast for northern and central crop areas Wednesday. The storms in general will offer beneficial rainfall for crops. Meanwhile, stressful heat remains in effect over southern crop areas, notably in th