Four USDA reports are on Tuesday's docket, starting with weekly grain export inspections at 10 a.m. CDT. USDA's WASDE and Crop Production reports are both due out at 11 a.m. CDT, followed by Crop Progress at 3 p.m. Traders will continue to keep an eye on the latest weather forecasts and watch for any news of an export sale that might emerge.
Weather
A strong system that is already producing snow in the front range of Montana and Wyoming will develop a strong low in Colorado later Tuesday. This will cause showers and thunderstorms to spring up across the Plains later Tuesday and especially Tuesday night. Some thunderstorms across the Southern Plains may be severe and winds may be breezy in the Plains as well. Heavy rainfall amounts will continue with this system as it spreads north and east through Wednesday as well, causing harvest delays but improving soil moisture for winter wheat.