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Tuesday, March 28, 2023

Tuesday Watch List

Traders will check the latest weather forecasts and pause at 8 a.m. CDT Tuesday to see if USDA has another export sale to announce. A report on U.S. consumer confidence for March will be out at 9 a.m., the only significant report on Tuesday's docket. Traders are already looking ahead to Thursday's Hog and Pigs report and Friday's Grain Stocks and Prospective Plantings reports.

Weather

A couple of small disturbances are working their way through the country east of the Rockies on Tuesday, but with limited shower potential. The Gulf Coast will have some heavier showers along a stalled front there. All eyes are focused on the West where another storm system is moving in with widespread heavy precipitation. That storm system will bring widespread impacts to the country throughout the week. Colder temperatures over the northern snowpack continue to limit melting.