The U.S. Census Bureau will release the international trade deficit for February at 7:30 a.m. CDT, supplying data on ag exports which USDA will post on its FAS web site later Tuesday morning. Traders will continue to monitor the latest weather forecasts and any news regarding Ukraine.
Weather
A system that formed in Oklahoma and Texas on Monday will race across the Southeast Tuesday. The system is likely to bring moderate to heavy rainfall along with chances for severe weather. A second system is moving into the Plains with scattered showers for the Central and Northern Plains into the Midwest. Some stronger thunderstorms may be possible in Missouri later in the day while precipitation will be a mix of rain and snow across the north. Strong winds up and down the Plains due to the system could be extreme in some cases, causing widespread risks for fires.