On the first day of 2022, traders will once again check the latest weather forecasts and watch for a possible export sale announcement at 8 a.m. CST. A report on November construction spending is due out at 9 a.m., followed by USDA's weekly report of grain export inspections at 10 a.m. At 2 p.m. CST, NASS will have its monthly Fats and Oils report, showing the latest soybean crush total.
Weather
A system moved through the country over the weekend and if it did not bring moderate precipitation, it at least cooled off temperatures across the southern states. The last of that system is moving through the Mid-Atlantic on Monday and the arctic cold will be brief behind it. But a new blast of arctic air is building in western Canada that will move through the country later this week. Those needing to work outdoors and livestock will enjoy a brief warmup before it moves through. The arctic blast will be brief as well, at least.