Markets
After the three-day weekend, futures markets resumed trading Monday evening and traders will be checking the latest weather forecasts and any news on the coronavirus front. At 9 a.m. CDT, April new home sales and a U.S. index of consumer confidence will be released, followed by USDA's weekly report of grain export inspections at 10 a.m. USDA's Crop Progress report at 3 p.m. CDT will update row crop planting progress and winter wheat crop conditions.
Weather
Moderate to locally heavy rain is in store from the U.S.-Canadian border in North Dakota south to the Texas coast Tuesday. This activity includes the western Midwest. Portions of the central U.S. have already seen very heavy rain and flash flooding over the holiday weekend, including the central and southeastern Plains and portions of the Midwest. A notably drier pattern is featured in the six-to-10-day forecast through early June.