Back from the weekend, traders will pore over the latest weather forecasts, keep up on the interest rate debate and check the latest news from the Mississippi River and Ukraine. USDA's weekly export inspections report at 10 a.m. CDT gets extra attention these days as a new gauge of river problems. USDA's monthly Cold Storage report is set for 2 p.m., followed by harvest progress and winter wheat planting updates in the Crop Progress report at 3 p.m.
Weather
A strong fall storm system is wound up in eastern North Dakota early Monday morning and heading northeast toward Hudson Bay. Scattered showers across the Northern Plains are a mix of rain and accumulating snows. The cold front to the system extends south through the Plains. Across the south, the system is ingesting the remnants of hurricane Roslyn, which is helping increase precipitation across Texas and Oklahoma. The heavier rain will spread northeast into the central Midwest throughout the day while a low pressure center will develop on the front across Texas later in the day, a feature that will move northeast through the Midwest later this week. Strong winds that have been felt across the middle of the country over the weekend are winding down throughout the day. Temperatures behind the front are dropping significantly from the heat seen over the weekend.