Monday is Columbus Day and federal offices are closed, along with some banks. Ag futures markets are open, as usual, and traders will be checking the latest weather forecasts with storms threatening to interrupt harvest this week. USDA's weekly reports of grain export inspections and Crop Progress will be released Tuesday, the same day USDA will release its Crop Production and WASDE reports for October.
Weather
A system is leaving the Southern Plains and heading northeast through the Midwest on Monday. The system is carrying scattered showers and pockets of moderate rainfall. Some severe weather will be possible centered around Illinois later in the day. The Plains will only have a brief day to dry out from weekend rainfall before the next system develops on Tuesday. It is getting more difficult to harvest while the rainfall is good for winter wheat areas.