Traders will likely start the week checking rainfall amounts from over the weekend and the latest weather forecasts. At 10 a.m. CDT, USDA will release its weekly grain inspections report, followed by the July WASDE and Crop Production reports at 11 a.m. CDT. At 3 p.m., USDA will conclude with its Crop Progress report where most of the attention will be on crop conditions and winter wheat harvest progress.
Weather
Scattered showers will continue from the Midwest to the Gulf Coast Monday as an upper level system slowly weakens and moves northeast through the Midwest. Drier areas to the northwest will continue to see stress to developing and reproductive row crops.