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Tuesday, January 16, 2024

Tuesday Watch List

Back from a three-day weekend, traders will catch up on the latest weather forecasts for South America and news of attacks from the Red Sea. USDA's weekly report of export inspections is set for 10 a.m. CST. The National Oilseeds Processors Association will estimate members' soybean crush in December later Tuesday morning.

Weather

The polar vortex is firmly planted over the middle of North America on Tuesday and while the harshest temperatures have passed on from the Canadian Prairies and Northern Plains, it remains very cold across much of the country between the Rockies and Appalachians. A storm system is moving east and out of the country while the cold, arctic air settles.