After Monday's Martin Luther King Jr. holiday, U.S. grain futures open again Monday evening at 7 p.m. CST. No doubt, traders will be poring over the latest weather forecasts and watching for any export news Tuesday morning. USDA's weekly report of grain export inspections is due out at 10 a.m. CST.
Weather
Tuesday will feature light snow crossing the northern Midwest and areas of light rain in central Texas east to the Delta. Other primary crop areas will be dry. Temperatures will be near to below normal in the immediate Great Lakes and over southern areas, and seasonal to above normal elsewhere. The Pacific Ocean Southern Oscillation Index (SOI) shows strong La Nina values with a 30-day average of 18.56; 90-day average of 12.93; and a daily calculation of 22.99.