Traders will pause at 8 a.m. CDT Tuesday to see if USDA has an export sales announcement and then notice the 9 a.m. report of April new home sales. The latest weather forecasts continue to get widespread attention as well as any news regarding Ukraine.
Weather
A storm system in the Southern Plains will bring areas of moderate to heavy rainfall on Tuesday, with additional showers to the southwestern Midwest, Delta, and Southeast as well. Heavy rain in parts of Kansas, Oklahoma, and Texas could cause some localized flooding. Dryness in the Northern Plains could lead to some better planting progress where areas have been too wet.