Traders will check the latest weather forecasts to start the week and pause at 8 a.m. CDT to see if USDA has any export sales news. China has been putting in early claims on U.S. new-crop corn. USDA's weekly report of grain export inspections is due out at 10 a.m. CDT. The National Oilseeds Processors Association will release its member estimate of soybean crush in April later Monday morning. USDA's Crop Progress report is set for 3 p.m. and is likely to show another active week of planting progress for row crops.
Weather
Showers and thunderstorms with locally heavy rain will cover much of the southern Plains, southern and eastern Midwest, and the Delta Monday. The rain will be favorable for crops; however, some flash flooding and severe storm intensity are also possible in the southern Plains. Meanwhile, dry areas of the northern Plains and northern Midwest have a high to extreme fire threat due to very warm, dry and windy conditions.