Markets
Traders are apt to check South American weather forecasts early Monday and will pause at 8 a.m. CST to see if USDA has any new export sales to report. USDA's weekly report of export inspections is due out at 10 a.m. CST, followed by the National Oilseeds Processors Association's estimate of soybean crush in October later Monday morning. CFTC's weekly data of trader positions will be released Monday afternoon and USDA's Crop Progress report is due out at 3 p.m. CST.
WeatherA band of light snow is in store for portions of the northern Midwest Monday. Other primary crop areas will be dry with favorable conditions for the later stages of harvest. Warm and dry conditions in the Southern Plains will further extract soil moisture from winter wheat areas.