Markets had the weekend to digest the latest WASDE report, with traders now turning their attention back to weather, harvest progress and global trade.

Harvest continues to push north, with central Illinois making progress, according to Conner Bridgman with AgMarket.net. Meanwhile, the high-pressure ridge over the U.S. continues to sink south, keeping the hottest temperatures focused on the Southern Plains and Delta while allowing ridge-riding storms to move across Nebraska, Iowa, southern Minnesota and northern Illinois this week.

The 10-day outlook is calling for at least two inches of rain across those areas, with some locations potentially seeing six inches or more. That could keep weather and harvest conditions firmly in the market spotlight.

Trade tensions are also building. Speculation is growing that President Xi may not attend next week’s meeting with President Trump, following reports that China could cancel the summit if the U.S. approves another arms sale to Taiwan. President Trump says he is not concerned and continues preparations for the planned visit.

The cattle market has started the week on firm footing. Cash trade once again waited until late in the week, with Northern cattle averaging $222 to $224 and Southern trade at $225 to $226. Some cattle traded Saturday, putting the weekly average $2 to $5 higher than the previous week.

With weather, trade headlines and cattle prices all moving, markets have plenty of potential catalysts heading into the week.