Markets
Traders will still be checking the latest weather forecasts on the first Monday in August and any trade news that develops. A report on U.S. manufacturing is due out at 8 a.m. CDT, followed by weekly grain export inspections at 10 a.m. A monthly Fats and Oils report from NASS is out at 2 p.m. CDT, followed by USDA's Crop Progress report at 3 p.m.
Weather
Monday will be dry with seasonal to below-normal temperatures in most crop areas. Rain will be confined to light activity in the eastern Midwest and to tropical precipitation in the Southeast.
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