A report on February new home sales is due out at 9 a.m. CDT Tuesday. Traders will be checking the latest weather forecasts, watching for any export sales news that develops and will keep an eye on soybean oil after its limit-up close on Monday.
Weather
Rain is in store Tuesday from the central Plains through western, central and southern Midwest and Delta. Continued dryness easing and soil moisture recharge will occur with this rain. Northern Plains areas in drought continue to be bypassed by the precipitation. A system bringing snow to the Intermountain West looks to track southeast toward the southern Rockies later this week.