Over the next seven days, 1 to 2 inches of rainfall is expected across much of eastern Nebraska, eastern parts of the Dakotas, Minnesota, Missouri, Wisconsin, Iowa, Illinois, Indiana, and Ohio.

The USDA will release its weekly Export Sales report on Thursday. Traders expect 2025/26 soybean export sales for the week ending July 23 to range from net cancellations of 200,000 metric tonnes to net sales of 300,000 metric tonnes. New-crop sales are projected between 700,000 and 1 million metric tonnes. According to a Reuters survey, soybean meal sales are expected to range between 200,000 and 550,000 metric tonnes, while soybean oil sales are estimated between net cancellations of 10,000 metric tonnes and net sales of 10,000 metric tonnes.