Back from the weekend, traders will be comparing notes on early harvest anecdotes, checking the latest weather forecasts and will also watch for any news of export sales. USDA's weekly grain inspections report is due out at 10 a.m. CDT, followed by Crop Progress at 3 p.m. USDA will post its first estimate of soybean harvest progress, along with a second report on the corn harvest.
Weather
A frontal boundary moving through the Corn Belt will produce some areas of moderate rainfall and gusty winds on Monday. Tropical moisture continues across the Southeast while moisture is pulled northward over the eastern Midwest as well. The showers will bring delays to maturing crops and harvest. The rain will mostly miss the southwestern Plains, which are in need of more moisture for winter wheat establishment, but it is turning drier behind this system.