The U.S. Labor Department's January reading of producer prices will be out at 7:30 a.m. CST Tuesday and will probably repeat inflation concerns. The National Oilseeds Processors Association will have its soybean crush report for January later Tuesday morning and another big total is expected. USDA's Livestock, Dairy and Poultry Outlook is also due out Tuesday. Traders will keep an eye on the latest weather forecasts and any news regarding Ukraine.
Weather
A clipper system will move through Canada Tuesday, bringing its cold front through much of the Plains and into the Midwest while a storm system builds in the Southwest. But before the weather turns nasty on Wednesday, winds will increase across the Plains and portions of the Midwest. The increased winds pose a fire risk for areas that remain rather dry.