Back from the weekend, traders will check the latest forecasts and news, including wanting to know if Ukraine and Russia can agree to allow exports out of Ukraine. USDA's weekly report of grain export inspections is due out at 10 a.m. CDT, followed by USDA's monthly Livestock, Dairy and Poultry outlook at 1 p.m. and Crop Progress report at 3 p.m.
Weather
A disturbance from the weekend continues to produce some showers from the Delta into the Northeast on Monday with some limited heavy rain potential in these areas. A strong disturbance is moving along the U.S.-Canada border as well and is already starting to spark severe thunderstorms in northern Montana. Areas on both sides of the border will see widespread precipitation but also severe weather today into tomorrow. Heavy rain in the Canadian Prairies will help to ease or eliminate drought for the remaining areas of southern Alberta and southwest Saskatchewan. Heat will take over where showers do not, especially in the Plains, sapping soil moisture and causing stress to crops and livestock.