Back from the three-day weekend, traders will be checking the latest weather forecasts and news. A report on U.S. existing home sales in January is due out at 9 a.m. CST, followed by USDA's weekly grain export inspections at 10 a.m.
WeatherA conglomeration of upper-level disturbances are combining to make for a long-duration winter storm across the country this week. The lead piece will create some moderate to heavy snow for the Northern Plains and Upper Midwest Tuesday while a piece in the Southwest moves into the Plains overnight with increasing showers and thunderstorms. Winds are on the increase Tuesday, especially in the southwestern Plains where they may gust over 50 mph and be even stronger Wednesday. Meanwhile, the West continues to be pummeled by heavy precipitation and strong winds as well.