Markets
The first day of June will have traders poring over the latest weather forecasts early Monday. ISM's index of U.S. manufacturing is due out at 9 a.m. CDT, an index that will be compared with other countries dealing with coronavirus. USDA's weekly report of grain export inspections is at 10 a.m., followed by Crop Progress at 3 p.m. CDT. USDA will reveal crop ratings for both, corn and soybeans in Monday's report. Traders remain leery of news related to China.
Weather
Monday features the beginning of warm to hot conditions over the central U.S. The heat is mostly favorable due to adequate soil moisture in most areas. Rain will be limited to the northern Midwest, southern Texas and portions of the Northwest.