U.S. weather is gaining more interest among traders with corn planting set to pick up speed in May and parts of the southwestern Plains getting much-needed rain. A report on March U.S. factory orders is due out at 9 a.m. CDT Tuesday, the only significant report of the day. Wednesday will be busier with the Federal Reserve set to raise the federal funds rate Wednesday afternoon.
Weather
Showers and thunderstorms are in store for the Midwest, Delta and southeast Plains Tuesday. The rain will further disrupt spring fieldwork. Other primary crop areas will be dry. Some wheat in the southwestern Plains may be damaged by freezing conditions early Tuesday. Western Plains livestock is stressed from effects of early-week unseasonable cold and snow. Northern crop activity remains stalled by recent wet and cool conditions.