Back from the weekend, traders will check the latest weather developments and forecasts for the week ahead. Any news of an export sale or updates from Ukraine will also be watched. At 10 a.m. CDT, USDA will have its weekly export inspections report, followed by Crop Progress at 3 p.m. Monday's Crop Progress report will have the first crop rating for corn and assessment of winter wheat harvest progress for the new seasons.
Weather
An area of heavier thunderstorms was moving through the Ozarks early Monday morning with more scattered activity in the Northern and Central Plains through the Midwest. This is all part of an active weather week as several small disturbances will move through the country, bringing scattered showers and thunderstorms and bouts of severe weather. The greatest severe threat on Monday is from western Kansas up through the Black Hills, though storms could also become stronger across the northern Delta and Mid-South if they can hold together through the morning.