Back from the weekend, traders will check the latest weather forecasts and note any news from OPEC's meeting on Sunday. U.S. factory orders are scheduled for 9 a.m. CDT Monday, followed by USDA's weekly report of export inspections at 10 a.m. USDA's Crop Progress report at 3 p.m. will include initial crop ratings for soybeans and spring wheat.
Weather
After a weekend of widespread rainfall across a lot of the Plains and western Midwest, Monday looks to be a quieter day for many areas. There will still be isolated to scattered showers from the Prairies to the Gulf Coast, however, and more frequent for those southern areas. Temperatures remain quite warm for many areas for this time of year.