Conab (Brazil) will release their April crop report at 7 a.m. CDT on Tuesday, updating corn and soybean production outlooks for the 2026 season. There are no USDA reports scheduled for release. Traders will remain tuned in to news regarding the ongoing conflict in the Middle East.
Weather
Scattered showers and thunderstorms continue across the Midwest with a small low-pressure system moving through with another system in the Central Plains. That will move eastward into the Midwest and produce scattered showers and thunderstorms for the afternoon and evening, some of which may be severe. Though the strongest storms are likely across eastern Iowa, southern Wisconsin, and northern Illinois, severe storms may stretch across the Midwest, and southwest into central Texas as well. Areas of heavy rain and flooding will continue to be a concern.