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Monday, March 23, 2020

Monday Watch List

Markets
Traders will be scoping the latest coronavirus numbers for any clues of how things are going after another weekend of social separation. With spring officially underway, weather forecasts take on new importance for early fieldwork ahead of planting in the U.S., while South America advances its growing season and soybean harvest. USDA's weekly report of export inspections is due out at 10 a.m. CDT, followed by a monthly cold storage report at 2 p.m.

Weather
Monday will be dry across most primary crop areas. Exceptions will be in portions of the Southeast and the extreme eastern Midwest, where rain and some snow will develop. This combination is favorable for soil moisture drainage ahead of spring fieldwork.