I don't know if the market will be in like a lion or a lamb on the first day of March, but traders will likely start by checking the latest weather forecasts and pausing for a possible export sale announcement at 8 a.m. CST. The Institute of Supply Management's U.S. index of manufacturing is due out at 9 a.m., followed by USDA's weekly report of grain inspections at 10 a.m. and the Fats and Oils report from NASS at 2 p.m.
Weather
A broad swath of the Delta, Mid-South and Southeast will see rain Monday, with some flooding possible. Other crop areas will be dry. Snow in portions of the northern Midwest will diminish during the day. Temperatures will be cold for the season in the northern Midwest and seasonal to above normal elsewhere.