Back from the weekend, traders will be checking the latest weather forecasts, especially for rain prospects in Brazil and have grown accustomed to expecting a daily corn sale announcement from USDA at 8 a.m. CDT. USDA's weekly export inspections report is due out at 10 a.m. and is the only significant event on Monday's docket.
Weather
A cold front that stalled out in the Southeast over the weekend and brought heavy rain while severe weather remains active. A weak system is moving through the Central Plains with some areas of snow that may be moderate in spots. Other small areas of showers dot the U.S. on Monday. Cold morning temperatures in the southwestern Plains may be causing more damage to more-advanced wheat as this area yet again misses out on precipitation.