Traders will return from the three-day weekend with new attention on the latest weather forecasts and keen to any news related to Ukraine. At 9 a.m. CST Tuesday, there is a report on U.S. consumer confidence in February, followed by USDA's weekly report of grain export inspections at 10 a.m. USDA's monthly cold storage report is set for 2 p.m.
Weather
A winter storm that started Sunday night across the Northern Plains expanded its scope a bit on Monday and will continue to do so on Tuesday. While the heaviest snows have already fallen, bands of moderate snow continue from the Northern Plains to the northern Midwest and a band of wintry mix will fill in this morning just to its south from northeastern Iowa through Lower Michigan. And farther south than that, widespread heavy rain and thunderstorms which may be severe across the Midsouth and Delta will expand the reach of the system farther. Flash flooding will also be a concern in those saturated soils across the Ohio and Tennessee Valleys.