Markets
Fresh back from the weekend, traders will check the latest coronavirus statistics and the trends of late, have been discouraging. Weather, trade news and any new comments from Saudi Arabia on oil production will get attention. A report on pending home sales will be released at 9 a.m. CDT, followed by USDA's report of weekly export inspections at 10 a.m. CDT.
Weather
Most primary crop areas will be dry Monday, allowing for soil drying and continued draining of excessive moisture. Some light rain will form in the Southern Plains and in the Northwest. A more active pattern is in store for Tuesday and Wednesday with rain in the Delta and a rain-snow combination in the Northern Plains. There is no new major flood threat at this time.