Back from the weekend, traders will check on the latest weather forecasts and will also read what members of OPEC+ decided regarding oil production at Sunday's meeting. Early Monday, world reports of manufacturing indices will roll in with the U.S. index due out at 9 a.m. CDT. USDA's report of weekly export inspections is at 10 a.m., followed by NASS's Fats and Oils report at 2 p.m. and weekly Crop Progress report at 3 p.m.
Weather
A system moved into the Plains over the weekend and continues east into the Midwest on Monday, spreading scattered showers and thunderstorms through the western half of the region. The front to the system extends down into the Southern Plains, which will also be active with showers and thunderstorms. Both regions could see pockets of severe weather developing Monday. Another system is moving into the Canadian Prairies and will bring more showers there and to the Northern Plains as well.