Traders will likely still be influenced by Monday's new WASDE estimates and also have new crop condition ratings to consider early Tuesday. The U.S. Labor Department's consumer price index for June is set to be released at 7:30 a.m. CDT, followed by the U.S. Treasury's report on the federal budget for June at 1 p.m. CDT. Traders will keep a close watch on the latest forecasts and any news of an export sale.
Weather
Scattered showers will develop east of the Mississippi River Tuesday, with isolated showers west to the Rockies. More significant showers are expected to develop Tuesday night across the Northern Plains.