Back from the weekend, traders will stay on top of the latest weather forecasts and news developments, especially from Ukraine after Russia's President Putin suggested Friday missile attacks were no longer needed. USDA's weekly report of export inspections has become on way of tracking problems on the Mississippi River and is due out at 10 a.m. CDT, followed by Crop Progress at 3 p.m. Also, the National Oilseeds Processors Association will release its estimate of members' soybean crush late Monday morning.
Weather
A strong cold front pushed south through the country over the weekend. It will continue its journey into the Gulf of Mexico Monday, bringing scattered showers to parts of Texas. But the bigger story is the very cold air filling in behind the front. Widespread frosts and freezes will occur over the next few nights, getting down to Oklahoma, northern Mississippi and Alabama tonight. The cold pushes closer to the Gulf of Mexico for later this week. Cold air moving over the Great Lakes is causing a mix of lake-effect rain and snows that continues the next couple of days, annoying those with fieldwork to do.