Back from the weekend, traders will be checking the latest weather forecasts, news from Ukraine and pause at 8 a.m. CDT to see if USDA announces an export sale. The stock market will also get plenty of attention after major indices toyed with new one-year lows last week. USDA's weekly report of grain export inspections is due out at 10 a.m. CDT, followed by the Crop Progress report at 3 p.m. Canadian markets are closed Monday for Victoria Day.
Weather
A disturbance in the Southeast and a storm system developing in the Plains will make for some pretty wet conditions for a lot of the country on Monday. Both of these features slowly move east this week, keeping many areas wet and causing some planting delays. Moderate to heavy rainfall potential exists in the drought areas in the southwestern Plains. It is likely too late to help out wheat, but could benefit summer crops, especially corn and soybeans.