Markets
Heading into the second week of June, traders will be paying close attention to U.S. and international weather forecasts, noting row crop development and major wheat crop conditions. USDA's report of weekly grain export inspections is due out at 10 a.m. CDT and will mark the start a new season for wheat. Crop Progress is set for 3 p.m. with interest now shifted to crop condition updates.
Weather
Monday features a large contrast in crop weather conditions. The Midwest and Delta have heavy rain and flood threats in store from the remnants of Tropical Storm Cristobal. We’ll also see locally heavy showers in the far Northern Plains and Canadian Prairies. Meanwhile, hot and windy conditions in the central and southwest Plains will stress crops and bring on wildfire danger. Record early-June heat has been recorded in much of the western Midwest and Plains.
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