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Monday, August 26, 2019

Monday Watch List

Markets
After Friday's new tariff news, traders will be looking any trade-related news or comments this week. Weather remains important with row crops still developing and spring wheat being harvested. USDA's weekly report of grain export inspections is due out at 10 a.m. CDT, followed by Crop Progress at 3 p.m.

Weather
Rain, showers and thunderstorms will occur Monday from the northeast and east-central Plains through the Midwest, the north and west Delta and also in the southeast U.S. areas. Rain through the central Midwest area improves soil moisture for filling summer crops. Runoff from recent heavy rainfall in parts of Nebraska and Kansas will cause flooding of small creeks and streams, country roads, farmland and other low-lying spots. Cooler weather returning to the Canadian Prairies, the Northern Plains and the Midwest regions will slow development of already delayed crops. Many crops are vulnerable to damage from an early or even an on-time fall freeze.