Starting a new week, traders will check the latest weather forecasts and pause at 8 a.m. CDT for any export sale announcements. An index of U.S. manufacturing is due out at 9 a.m. and follows similar indices for other countries overnight. USDA's weekly grain inspections report is due out at 10 a.m. NASS has a monthly Fats and Oils report at 2 p.m., followed by Crop Progress at 3 p.m. CDT.
Weather
Light to moderate rain is in store for the eastern Midwest and Southeast Monday, offering useful crop moisture while interrupting planting. Some local flooding is also noted in portions of the central Plains following heavy weekend rain. We'll also see periods of rain and some snow in the far western Plains with beneficial moisture. Dry conditions are in store elsewhere including the drought-affected northern Plains and Northwest.