Back from the weekend, grain traders will be checking the latest forecasts with a view to prospects for corn and soybean crop conditions in August. USDA's report of weekly export inspections will be out at 10 a.m. CDT Monday, followed by the weekly Crop Progress report at 3 p.m. Outside markets will be interested in the Fed's post-meeting comments on Wednesday.
Weather
Heat is building in the Southern Plains on Monday and excessive heat advisories and warnings are posted for many in the south-central U.S. A front moving through the Corn Belt will do its best to resist the building heat by producing areas of scattered showers and thunderstorms, some of which may become severe.