Back from the three-day weekend, traders will be paying close attention to weather data and the latest forecasts, the main focus of June's grain markets. A report on May U.S. housing starts is set for 7:30 a.m. CDT, followed by USDA's weekly report of export inspections at 10 a.m. The Crop Progress report will have the latest crop condition ratings at 3 p.m.
Weather
A pair of ridges are trying to connect up early this week, causing heat to build from Texas into parts of the Midwest. The ridges have stalled a front across the Northern Plains and eastern Canadian Prairies, where showers will come in waves the next few days. A system stuck in the Southeast will see showers continue there as well.