Back from the weekend, traders will check the latest weather forecasts assess snow cover in the northern Plains, monitor events out of Ukraine and watch for a possible export sales announcement at 8 a.m. CDT. At 10 a.m. CDT, USDA will release its weekly export inspections report, followed by Crop Progress at 3 p.m.
Weather
A storm over the weekend brought more heavy precipitation to the Plains and Midwest along with falling temperatures. The front to the system is situated from the Southern Plains to the eastern Midwest and will push southeast throughout the day. Scattered showers will follow the front, which may be heavy at times. Cold air settling behind the front is not ideal for planting, especially when combined with wetter soils across a good portion of the Corn Belt. Drought continues to have negative impacts in the southwestern Plains.