Back from the weekend, traders will check the latest weather forecasts and pause at 8 a.m. CDT to see if USDA has an export sale announcement. USDA's weekly report of grain inspections is due out at 10 a.m. CDT with amounts still expected to be light, but improved, in the aftermath of Hurricane Ida. USDA's Crop Progress report at 3 p.m. will give the first summary of corn harvest progress and a second week of winter wheat planting progress.
Weather
Scattered showers are developing as a system moves along a stalled front across the northern tier of the country. Some of the showers could be severe as they move through, which would be hard to recover from should damage occur. Tropical Storm Nicholas will continue to move north with heavy rainfall along the Texas Coastline as well. The system is expected to make landfall later today or tonight but only move slightly inland.