A report on U.S. retail sales for July is due out at 7:30 a.m. CDT Tuesday, followed by July industrial production at 8:15 a.m. Traders will be watching the latest weather forecasts and considering Monday afternoon's Crop Progress numbers. Traders will also watch to see if there is a ninth consecutive soybean export sale announcement at 8 a.m. CDT.
Weather
Tropical Depression Fred and its eventual remnant low will bring heavy rainfall to the Southeast Tuesday. More scattered showers will be found along the southern tier of the country as well as the eastern tier. Hot and dry weather continues in the Northern Plains as a system builds into the Rockies. The region will have to wait until Thursday to see relief from the heat and dryness.