The U.S. Labor Department reports on the August consumer price index at 7:30 a.m. CDT Tuesday, the only official report of the day. Traders will be watching the latest weather forecasts and for any news of an export sale.
Weather
Scattered showers will move through the Central Plains to the Midwest along a front on Tuesday and could be severe. Tropical Storm Nicholas, which was briefly a hurricane Monday night, will produce heavy rainfall for eastern Texas into Louisiana on Tuesday and could cause some flooding. This could impact recovery efforts in Louisiana to get power restored to terminals around the Port of New Orleans as well as flood mature cotton and soybean crops in the southern Delta.