Other than an index of U.S. consumer confidence due out at 9 a.m. CST, there are no official reports on Tuesday's docket. Federal Reserve Chairman Jerome Powell will testify before the U.S. Senate Banking Committee Tuesday morning and offer an assessment of the economy. Traders will check the latest weather forecasts and watch for any news of export sales.
Weather
Tuesday will be mainly dry and mild across the primary crop areas. This will allow for snow melt and recovery from the harsh cold and snow of the past two weeks. Snow and cold will be confined to the far northern Plain and portions of the Canadian Prairies.