Soybeans are on a roll, holding onto double digit gains this morning. They gapped early Monday night. The soybean market is trading weather in Argentina and there's word the the corn crop in Argentina may be 260 million bushels below USDA's last estimate.
Heavy rains in many areas of the U.S. to start the week. The Ohio and Illinois rivers have high water and icy conditions have closed roads in some areas, making it difficult to move grain.
Wall Street looks like it will open lower today. U.S. is getting ready to auction off debt this week. Crude oil try to move up above $62 per barrel.