Back from the weekend, traders will be examining rainfall amounts and the latest weather forecasts. The Institute of Supply Management's index of U.S. manufacturing is due out at 9 a.m. CDT Monday, followed by USDA's weekly grain export inspections at 10 a.m. USDA's Fats and Oils report will show the June soybean crush at 2 p.m., shortly before USDA posts the latest crop ratings in the Crop Progress report at 3 p.m. CDT.
Weather
A cold front will remain active across the South with scattered showers from Texas to the Carolinas. The rest of the primary growing areas will be mild and dry with some heat developing in the Northern Plains and Canadian Prairies. Conditions continue to favor corn and soybeans in the southeast growing areas with unfavorable dryness in the northwest.