Back from the weekend, traders will be checking the latest weather forecasts, outside market news and may even still be pondering USDA's estimates from Thursday. USDA's weekly report of export inspections will be out at 10 a.m. CDT, followed by Crop Progress at 3 p.m. Special attention will be given to corn and soybean planting progress, both likely showing big gains in the latest week.
Weather
A system from the weekend will continue to push showers through the eastern U.S. on Monday, including some severe weather potential. The front to the system is hung up back across West Texas where additional showers and thunderstorms will develop later in the day. Those, too, may be severe. The spotty nature to the showers will not help out many of those in drought, however.