After Brazil's crop agency, Conab, issues new crop estimates Tuesday, there are no other official reports on Tuesday's docket. Traders will closely watch the latest weather forecasts and are apt to be jittery ahead of Wednesday's three USDA reports: a WASDE report, a quarterly grain stocks report and an estimate of winter wheat seedings from NASS.
Weather
Arctic air continues to push eastward through the country and is being replaced across the West and the Plains by much warmer air on Tuesday. Outside of some lake-effect snow this morning and a few showers for the Pacific Northwest, the country should be rather dry today.