Back from the weekend, traders will check the latest weather forecasts and any news. A report on U.S. durable goods orders for January is due out at 7:30 a.m. CST, followed by pending home sales at 9 a.m. and USDA's weekly grain inspections at 10 a.m.
Weather
A storm system going through the Midwest on Monday morning already produced a round of significant severe weather across the Central and Southern Plains on Sunday, with another round possible from Illinois to Ohio on Monday. In addition, colder temperatures across the northern Midwest and Northeast will create a mix of wintry weather Monday into Monday night, and breezy winds have developed for the middle of the country. Several additional storm systems are expected this week with myriad impacts.