Back from the weekend, traders will still be considering USDA's new estimates from Friday, keeping close track of the latest weather forecasts and watching for any news from Ukraine. USDA's weekly report of grain export inspections is due out at 10 a.m. CDT Monday, followed by NOPA's monthly soybean crush report at 11 a.m. and USDA's Crop Progress report at 3 p.m.
WeatherA system setting up a cold front across the Central Plains into the Ohio Valley is active Monday morning with moderate to heavy rain in southern South Dakota and Nebraska and will get into southwest Iowa later today. All of these areas are in desperate need of rainfall and look to get it. Heat continues south of here with triple-digit temperatures yet again for the Central and Southern Plains and perhaps the Delta as well. Cool temperatures through the rest of the Corn Belt are easing stress for filling corn and soybeans