Back from the weekend, traders will be checking the latest weather forecasts, especially for South America, and still digesting the few changes from Friday's WASDE report. USDA's weekly report of export inspections will be out at 10 a.m. CST and will likely show more soybean movement. The U.S. Treasury reports on the federal budget for November at 1 p.m.
Weather
A major winter storm system will move out of the Rockies and into the Plains on Monday. Winds will increase ahead of the system, bringing a lot of moisture northward for the system to work with. Widespread precipitation is expected in the middle of the country by late afternoon or evening, including heavy snow and some ice to the north and potential for severe storms along a cold front in the Central and Southern Plains. Temperatures are well above normal for a lot of the country but will be falling below normal as the system moves eastward through the rest of the week.