Starting a new week, traders will check the latest weather forecasts and be attentive to any news affecting outside markets. USDA's weekly report of export inspections will be out at 10 a.m. CDT, followed by the Crop Progress report at 3 p.m. Recent concerns include planting in the Northern Plains, falling soybean prices in China and the condition of Brazil's corn crop.
Weather
A trough of low-pressure overhead continues cold temperatures across most areas east of the Rockies Monday, including some frosty temperatures this morning as far south as Oklahoma and Tennessee. A small trough moving down the Rockies will develop showers in the Southern Plains later today, which will be enhanced over the next couple of days, bringing optimism for those in drought.