Back from the weekend, a report on U.S. durable goods orders for May is due out at 7:30 a.m. CDT Monday, followed by a May pending home sales index at 9 a.m. USDA's weekly grain export inspections is due out at 10 a.m. with traders interested to see if soybean shipments can pick up. At 3 p.m., USDA's Crop Progress report will be out with updates of the latest crop condition ratings.
Weather
A cold front that swept through the country over the weekend is slowing down and will stall across the South on Monday. Periods of showers will form along the front through the week. Much more seasonable temperatures have filled in behind the front, eliminating the extreme heat of the last couple of weeks. While scattered showers and cooler temperatures that came with the front will reduce stress in some areas, there are pockets of dryness continuing to build in the heartland of the country.