A report on June U.S. housing starts will be out at 7:30 a.m. CDT and is the only significant report of the day. Traders will continue to keep watch over the latest weather forecasts and be on the lookout for an update on last week's meeting in Turkey regarding the passage of grain shipments out of Ukraine.
Weather
A system is skirting along the Canadian border Tuesday, bringing scattered showers and thunderstorms near the border and potential for some severe storms in Minnesota and Wisconsin. Stronger winds are developing on the backside of the system in the Northern Plains as well. But heat continues to be the big story of the week with high heat south of the influence of that system across the South. Soil moisture continues to decline in these areas.