The first Monday in November will start with traders checking over the latest weather forecasts and pausing at 8 a.m. CDT for a possible export sale announcement. ISM's index of U.S. manufacturing is set for 9 a.m. and will be compared to overnight reports of other manufacturing indices around the world. USDA's weekly grain inspections report is due out at 10 a.m., followed by a monthly report of soybean crush in the Fats and Oils report from NASS at 2 p.m. and the Crop Progress report at 3 p.m. CDT.
Weather
A cold front that moved through much of the country over the weekend will continue to push south on Monday. Scattered showers, including some snow, over the Central Plains will become lighter as they move into the southern Midwest. Colder temperatures will be in place behind the front through much of the week, causing frosts and freezes and slowing growth on wheat.