Back from the weekend, traders will be checking for any movement of news on the Black Sea grain initiative and taking in the latest weather forecasts. USDA's weekly report of export inspections is due out at 10 a.m. CDT, followed by a soybean crush report from the National Oilseeds Processors Association later Monday morning. USDA's Crop Progress report will have new estimates of planting progress at 3 p.m.
Weather
A small system in the Ozarks is producing areas of showers for the Southern Plains into the southwestern Corn Belt Monday morning and will spread more showers through these areas and into the Ohio Valley Monday night. Some isolated showers may pop up in the West and through the Southeast as well. Drier conditions are forecast for northern zones into Canada.