On Monday, USDA will release their usual Grain Export Inspections update at 10 a.m. CDT. At 3 p.m. CDT, the weekly Crop Progress report will be issued and is highly anticipated by traders following a very hot and dry past week for the U.S. Grain Belt.
Although extremely hot south of the front, a very strong cold front is moving into the North-Central states Monday morning. That front will produce areas of showers and thunderstorms, including some severe weather expected from Iowa to Wisconsin later Monday and Monday night. Temperatures will be dropping significantly behind the front, ending the recent heatwave and bringing through some below-normal temperatures.