Back from the weekend, traders are keeping close track of the latest weather forecasts, events from Ukraine and growing evidence of global drought. USDA's weekly report of grain inspections is due out at 10:00 a.m. CDT Monday, followed by Crop Progress at 3 p.m.
Weather
Dry and seasonally warm conditions will cover most primary crop areas Monday. This combination is favorable for filling crops. Some beneficial rain moved across the Midwest during the past week. Meanwhile, portions of the Southern Plains and Delta will have moderate to heavy rain, notably in northern and northeastern Texas.