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Monday, March 18, 2024

Monday Watch List

Traders will return from the weekend and quickly catch up on the latest weather forecasts for South America. USDA's weekly export inspections report will be out at 10 a.m. CDT with more shipments needed for wheat as the season ticks down. On Wednesday, the Federal Reserve probably won't change the federal funds rate target, but traders will be listening for clues from Chairman Jerome Powell.

Weather

A cold front that moved through most of the country over the weekend is building some cold air into most areas east of the Rockies on Monday. The colder air is producing some lake-effect snow in the Great Lakes and late frosts across the Deep South for Monday night.