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Wednesday, January 24, 2024

Wednesday Watch List

Traders continue to monitor changes in South American weather and will soon be picking up more soybean harvest reports from Brazil. The Energy Department's weekly energy inventory report will be out at 9:30 a.m. CST and USDA's monthly cold storage report will follow at 2 p.m.

Weather

More rounds of rain showers will plague the central U.S. Wednesday as rain showers are expected to continue from the southeast Plains into the Ohio Valley. A few strong to severe storms are possible in southeastern Texas, southern Louisiana, and southern Mississippi as well. Heavy rain could also lead to areas of flooding across the Southern Delta and Tennessee Valley.