Back from the weekend, traders will be checking the latest weather forecasts and rainfall totals. USDA's weekly grain export inspections report is set for 10 a.m. CDT, followed by the Crop Progress report at 3 p.m. Spring wheat harvest progress and crop ratings will be noticed, but crop ratings tend to lose their price impact after the August WASDE report.
Weather
Scattered showers will continue across the southern half of the country Monday while heat builds in the Northern Plains. Tropical Storm Fred is set to make landfall in the Florida Panhandle later today, bringing heavy rainfall to southeastern states into the middle of the week. Flooding of some cotton fields that are in really good shape is possible.