As we turn the calendar to June, planting concerns are still high, which means the latest weather forecasts remain at the top of the list for market attention. An index of U.S. manufacturing is due out at 9 a.m. CDT, followed by USDA's report of weekly export inspections at 10 a.m. USDA's update of planting estimates and crop conditions comes out at 3 p.m. CDT.
Weather
Scattered afternoon or evening thundershowers will mainly occur in the western Midwest and portions of the central and Southern Plains region during Monday, delaying planting progress for corn and soybeans and maintaining disease pressure on winter wheat. Drier weather through the northern plains, the Delta and the southeast U.S. Drier weather in the northern plains favors planting progress for wheat, corn and soybeans. Dry, warm to hot weather maintains stress on early development of crops in the Delta and especially in the southeast U.S.