Back from the weekend, traders will check the latest weather forecasts and rain coverage amounts. They will also be interested in any news regarding the Black Sea grain deal or U.S. banking system. USDA's weekly report of export inspections will be out at 10 a.m. CDT, followed by Crop Progress at 3 p.m.
Weather
A small system is producing a line of thunderstorms across Missouri and Illinois early Monday morning. The line is forecast to weaken this morning but redevelop in the afternoon across parts of the Midwest and Tennessee Valley where heavy rain and severe weather may occur. Other areas of showers and thunderstorms will pop up across the Plains and Midwest throughout the day as well, a continuation of the disorganized nature of storms that occurred over the weekend.