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Monday, May 11, 2020

Monday Watch List

Markets
Fresh off the weekend, traders will be checking reports of freezing temperatures around the Corn Belt and the new seven-day forecast. Coronavirus statistics, trade news and progress in raising livestock slaughter levels will also be watched. Monday's usual reports include weekly export inspections at 10 a.m. CDT and Crop Progress at 3 p.m. CDT.

Weather
Light to moderate rain is in store for the Southern Plains Monday, offering some useful moisture for winter wheat. We’ll also see a mix of light rain and snow in the north-central Plains and light rain in the far eastern Midwest. Other primary crop areas will be dry. Freezing temperatures occurred in the Midwest and Northern Plains during the past weekend and are again noted early Monday. Fields will be scrutinized this week for damage assessment.