Starting a new week fresh, traders will be checking the latest weather forecasts and for any news of export sales. Monday's first report is for February existing U.S. home sales at 9 a.m. CDT, followed by weekly grain export inspections at 10 a.m. USDA's monthly cold storage report follows the livestock close and is set for 2 p.m. CDT.
Weather
Another dose of rain is in store for the central and southern Plains Monday, with more drought easing and soil moisture benefit for winter wheat. This rain system expands into the Midwest and Delta the next several days with moderate to heavy amounts. We'll also see rain and snow in the Northwest, but only limited coverage in the northern Plains.