Back from the weekend, traders will continue to keep watch over South American weather with rain expected to return to central Brazil this week. USDA's weekly report of grain export inspections is set for 10 a.m. The bulk of this week's reports will fall on Thursday and Friday, ahead of the Christmas holiday.
Weather
A strong storm system built up across the East Coast over the weekend and is pushing through the Northeast on Monday. Behind it, a quick burst of cooler air is moving through the Midwest and down into the Southeast, where it will be cooler for a few days starting Tuesday. The cooler air will mean lake-effect snow around the Great Lakes for today. Another cutoff low-pressure center will bring showers to the West Coast as well.