U.S. futures markets are closed Monday for Martin Luther King Jr. Day. Grain futures will resume trading at 7 p.m. CST Monday evening. USDA's weekly report of grain inspections will be released at 10 a.m. Tuesday and is the only significant report on Tuesday's docket. Traders will pay close attention to the latest weather forecasts and watch for any news of an export sale.
Weather
After some warmer conditions over the last week or so, conditions are about to change again. A clipper moving across the U.S.-Canada border will bring down some cold, Canadian air across the country, starting in the Northern Plains on Tuesday and spreading southeast through the rest of the country over the next few days. Despite the drastic changes in temperature, little precipitation is expected from the system on Tuesday. It will have to wait until Wednesday as the arctic front crosses the Ohio River to gain any significant moisture as it pushes southeast the rest of the week.