Back from the weekend, traders will be checking the latest weather forecasts and pause for a possible export sale at 8 a.m. CDT. Reports of manufacturing indices from several countries will be coming in overnight, joined by a U.S. report for March at 9 a.m. USDA's weekly report of export inspections is due at 10 a.m., followed by the first weekly Crop Progress report of 2023 at 3 p.m.
Weather
After a weekend that saw heavy snow, blizzard conditions, and widespread severe weather, yet another storm system brewing in the West will do the same early this week. Snow will be building across Wyoming and into South Dakota throughout the day, but really increase across the Northern Plains Monday night and Tuesday. Strong winds are developing in the Central and Southern Plains yet again with potential for more blowing dust and an increased risk for wildfires, especially on Tuesday. Some other batches of rain and thunderstorms will move through the Midwest and Southeast, the latter of which could be severe again. More severe storms are forecast for Tuesday and Wednesday for the middle of the country out of the system.