The US markets are closed for Martin Luther King day.
Temperatures across the US are very cold in the north, down to -35C across the northern parts of  N.Dakota and Minnesota over the weekend. The cold has pushed right down into Kansas where -15C is the current reading at 3pm.
Like last week and the week before that and so on and so forth, the US / China trade deal is likely to take centre stage again this week as the punters try to determine what volume of the committed tonnage China is likely to purchase.
The first step is the removal of existing tariffs, once these are gone we should see a sharp increase in US sales to China across a raft of agricultural products. Soybeans are expected to increase from the current 32.9mt to 38mt with a target of 48mt. Wheat and corn are the harder two to pick. The punters are pencilling corn to increase from 800kt to roughly 7mt by the end of next year. US wheat sales to China are expected to increase thee fold to about 5mt for the same period, hard to see this one happening.
Some see the big increases to come in the products currently not regulated by China like mill run and sorghum. Demand for US meat is also expected to increase dramatically, helped somewhat by ASF.
In other demand Pakistan announced it will remove the import tariff on 300kt of wheat imports between now and March to help meet domestic demand. The most likely point of supply will be the Black Sea region.
Algeria are in for 50kt of milling wheat, France is the firm favourite to get this one. Algeria usually buy much more than the 50kt tendered.