Markets
Back from another summer weekend, traders will be checking the latest weather forecasts with corn pollination approaching. A May index of pending home sales is due out at 9 a.mCDT, followed by USDA's weekly export inspections at 10 a.m. USDA's Crop Progress report is set for 3 p.m. CDT with plenty of interest in USDA's latest crop ratings.
Weather
Thunderstorms with locally heavy rain and the potential for high winds and hail are in store for portions of the Northern Plains and Midwest Monday. Areas bypassed by the storms will have very warm to hot conditions with heat stress likely. Haze due in part to the huge dust cloud from the Sahara Desert will produce air quality issues in addition to the heat stress. Hot and dry conditions in the Southern Plains will favor wheat harvest