Back from the weekend, traders will be examining the latest weather forecasts, especially as the outlook turned hotter late last week. Friday's WASDE estimates may still have some influence on trading and at 10 a.m. CDT, USDA's weekly report of grain export inspections will get attention, especially for soybeans where shipments have been lacking. At 3 p.m., USDA's Crop Progress report will include soybean and spring wheat crop conditions for the first time this season.
Weather
Heat advisories and warnings cover much of the country east of the Rockies over the next couple of days ahead of a storm system building in the Northern Plains and Canadian Prairies. This storm is bringing a warm front north through the North-Central U.S. with scattered showers and thunderstorms Monday morning. A cluster of these storms around southern Minnesota may last through the morning and become a line of severe storms across Iowa and Wisconsin and points southeast through Ohio later in the day. There is a significant risk of wind damage from these storms.