Reports on U.S. productivity and unit labor costs are due out at 7:30 a.m. CDT and are the only official reports of the day. Traders will continue to watch the latest weather forecasts, any news of export sales and prepare for Thursday's WASDE report.
Weather
A frontal boundary moving into the Midwest is expected to produce scattered showers and thunderstorms, some possibly strong to severe. Showers will likely develop across the Central Plains as well. Outside of any severe weather, the rainfall will be good if it happens upon the northwest portions of the Midwest, which are still drier and could use the rainfall for filling corn and soybeans.