Traders will start a new week examining the latest weather forecasts, watching for a report on March durable goods orders at 7:30 a.m. CDT and will pause at 8 a.m. to see if USDA has an export sale announcement. At 10:00 a.m. CDT, USDA will have its weekly report of grain export inspections, followed by Crop Progress at 3 p.m. CDT.
Weather
Monday features very warm to hot and dry conditions over much of the central and southern U.S. This combination favors spring planting along with bringing stress to winter wheat. Red Flag wildfire warnings cover much of the Southern Plains. We'll also see widely scattered light showers in the Northern Plains with little to no easing of drought.