A report on U.S. new home sales for February will be out at 9 a.m. CDT Monday, followed by USDA's weekly export inspections at 10 a.m. USDA's monthly cold storage report is set for 2 p.m. Thursday will be the busy day this week with Grain Stocks, Prospective Plantings and Hogs and Pigs reports set for release before the Good Friday holiday.
Weather
A storm system that moved into the Plains and Upper Midwest on Sunday continues in these same areas for Monday, though some areas that were rain switched to snow and some areas that saw snow have switched to rain. Strong winds are leading to blizzard conditions in portions of the Plains. The main cold front will move into the Mississippi Valley Monday with scattered showers and thunderstorms, some of which are likely to become severe across the Delta. Cold air funneling into the Plains could be damaging for wheat.