Markets
The latest weather forecasts for South America are getting increased attention as we get farther into that new crop season. USDA's WASDE and Crop Production reports are Tuesday's main events, both due out at 11 a.m. CST. With soybean supplies getting tight, any export sales news will also be noticed.
WeatherTuesday features rain, mixed precipitation and snow in the central Plains and western through northern Midwest. This moisture will disrupt the late stage of corn harvest. Eastern Midwest areas will be warm and dry with favorable harvest conditions. Southern Plains precipitation will be mainly light and focused in the southeastern Plains, bypassing the drought areas west. Tropical Storm Eta in the Gulf of Mexico is on track to bring heavy rain to the Southeast later this week.