Back from the weekend, traders will pay close attention to observed rainfall amounts, coverage and the latest forecasts. USDA's weekly report of export inspections is set for 10 a.m. CDT, followed by Crop Progress at 3 p.m. Outside markets will be aware of the Federal Reserve's next rate announcement on Wednesday.
Weather
A system that went through over the weekend is wrapping up in the Great Lakes Monday where showers are dwindling but remaining possible. The front to the system has settled across the South where showers and thunderstorms will be active throughout the day, including chances for severe weather and heavy rainfall. Cooler temperatures have settled into much of the country, but it is warmer in the Canadian Prairies again.