Early Tuesday, traders will be watching to see if recent rumors of soybean sales show up in an announcement from USDA at 8 a.m. CDT. The market will also pay attention to reports on September new home sales and consumer confidence in October, both due out at 9 a.m. CDT. The latest weather forecasts will also be considered.
Weather
A system moving through the Rockies will increase winds across the Plains Tuesday, followed by increasing showers Tuesday night. Showers are likely to miss winter wheat areas in the southwestern Plains, but could cause some severe weather from Kansas south to Texas Tuesday evening.