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Monday, July 22, 2024

Monday Watch List

Back from the weekend, traders will look over the latest weather forecasts as more corn enters the pollination stage. The presidential election will get more attention this week after President Joe Biden ended his re-election campaign this weekend and endorsed Vice President Kamala Harris. 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

Sporadic showers and some thunderstorms will pop up across the Corn Belt on Monday and could be more focused over Minnesota Mondy afternoon and evening. Meanwhile, a stalled front from Texas to the Carolinas and Virginia will be more active with widespread showers and thunderstorms developing throughout the day but especially Monday afternoon. Temperatures continue to be mild in most areas, though heat over the west is leaking east of the Rockies in the Northern Plains and Canadian Prairies.