Back from the weekend, traders will remain focused on changes in weather and events from Ukraine. As usual, USDA's weekly report of export inspections is set for 10 a.m. CDT Monday, followed by the Crop Progress report at 3 p.m. Monday being the final day of July is also first notice day for August soybean and soy product futures.
Weather
A frontal boundary has stalled out from the Central Plains to the Tennessee Valley on Monday. South of the front, it remains hot with stressful conditions for both crops and animals. The front will be a focus for showers and thunderstorms throughout the day, as will a weak system sliding south along the Mississippi River. Yet another system moving through the Canadian Prairies will keep that area and the Northern Plains a bit active as well.