Sunday evening and early Monday, traders will be checking the latest forecasts, mainly for rain chances in the U.S. USDA's weekly report of grain export inspections is due out at 10 a.m. CDT, followed by the Crop Progress report at 3 p.m. This week's crop condition ratings will include soybeans for the first time in 2021.
Weather
An upper-level low will produce widespread showers across eastern growing areas Monday. Additional showers and thunderstorms are forecast across Texas, the High Plains, and across the Northern Plains, where showers are sorely needed. Storms across the Northern Plains could be strong to severe, but will be isolated where they occur. Hot temperatures will continue to bake northern areas of the country, especially where showers do not occur. Heat and drought stress continue to be major concerns in these areas.