Markets
Back from another weekend, traders will brush up on the latest weather forecasts for the U.S. and South America and watch for any new export sales. USDA's weekly grain inspections report is out at 10 a.m. CDT, followed by Crop Progress at 3 p.m. CDT. Row crop harvest progress and winter wheat planting progress will be the report's highlights at 3 p.m.
Weather
Dry conditions will dominate the primary crop areas Monday, offering favorable harvest and winter wheat planting conditions. Rain will focus on the lower Delta and Gulf Coastal Bend due to Tropical Storm Beta with flooding and storm surge threat. The Australia 30-day Southern Oscillation Index (SOI) value remains in weak La Nina category at positive 9.01.