Traders will return from the weekend, checking weather forecasts and the latest reports from Ukraine. USDA's weekly report of grain inspections at 10 a.m. CDT is the only official report on Monday's docket.
Weather
A system will move out of the Rockies and into the Southern Plains Monday. Widespread showers are anticipated for the Central and Southern Plains moving into the Midwest and Delta overnight. This system will bring scattered thunderstorms to the southeastern Plains which could end up being severe, but moderate showers in drought areas of the Plains will provide at least some soil moisture for winter wheat that is coming out of dormancy in drought. The system will not eliminate the drought, however.