Back from the weekend, traders will keep an eye on events in Israel and Ukraine and keep tabs on harvest progress with rain expected in the U.S. this week. USDA's weekly grain export inspections report is at 10 a.m. CDT, followed by Crop Progress at 3 p.m. Cattle prices will respond to Friday's larger-than-expected placement and on-feed totals.
Weather
Portions of the Southern Plains, Northern Plains, and Upper Midwest will see scattered rain showers Monday. Areas in western Texas have a risk for flash flooding with areas of heavy rain developing. 1.00-2.00 inches of rain are possible in western Texas throughout Monday and into early Tuesday morning.