Back from the weekend, traders have a long list of concerns to check on, including the latest weather forecasts, events in Ukraine, Mississippi River levels, energy supplies in Europe and economic concerns in the U.S. The Institute of Supply Management's index of U.S. manufacturing for September is due out at 9 a.m. CDT, followed by USDA's weekly report of export inspections. USDA's Crop Progress report is due out at 3 p.m.
Weather
A system that has been stuck in the northern Rockies since late last week continues to produce some isolated shower across the Northern Plains and central High Plains on Monday. Only limited areas will see anything more than light rain. The rest of the country is mild and dry, favorable for the continued harvest. Drought continues to affect winter wheat areas, however, with limited soil moisture in the Pacific Northwest, southwestern Plains, and northern Delta into the Midwest.