In addition to checking the latest weather forecasts, traders will watch for any sign of progress for a peace deal between Russia and Ukraine. At 7:30 a.m. CDT, the U.S. Labor Department will release its producer price index for February. The National Oilseeds Processors Association will have its soybean crush estimate for February later Tuesday morning and NASS is set to release its monthly Livestock, Dairy and Poultry outlook at 2 p.m.
Weather
An upper-level disturbance continues to create showers and thunderstorms near the Gulf Coast Tuesday morning. Moderate to heavy rain and some severe weather will be possible out of this system as it continues to spread eastward throughout the day. Rains will continue to improve conditions for drought scattered about the area. Warmer air will continue to spread across the rest of the country.