Back from the weekend, traders will check the latest weather forecasts and watch for any new export sales announcements at 8 a.m. CST. USDA's weekly report of grain export inspections is due out at 10 a.m. CST, followed by a monthly cold storage report at 2 p.m. Some state NASS offices have Crop Progress reports scheduled for Monday afternoon, but there are no significant economic reports on the docket.
Weather
A snowstorm is in store for the central Plains and much of the Midwest Monday through Tuesday. Heavy snow, cold air and strong winds will be hazardous for transportation and will be stressful to livestock. The snow will offer benefits to southern Plains winter wheat. We'll also see moderate to heavy rain develop in the Delta and portions of the southern Midwest. Some far northern areas will have wind chill issues due to an incursion of cold air.