Back from the weekend, traders will keep close watch over the latest weather forecasts, especially looking at rain possibilities for the Eastern Corn Belt and reports of flooding in the northern Corn Belt. USDA's report of weekly export inspections is at 10 a.m. CDT Monday, followed by the weekly Crop Progress report at 3 p.m.
Weather
A system is moving through Canada, but its cold front is moving through the Northern Plains early Monday morning. The front will continue to push southeast into the Central Plains and Upper Midwest throughout the day. Lots of heat and humidity south of the front will be fuel for thunderstorms across the Upper Midwest especially Monday afternoon and evening. Severe weather will be possible with hail and strong wind gusts being likely in thunderstorms that do occur.