A report on U.S. new home sales for July is due out at 9 a.m. CDT Tuesday, the only official report on the docket. Traders will continue to watch the latest weather forecasts, any news from Ukraine and for more specifics from the drought in China.
Weather
Warm and dry conditions will cover most primary crop areas Tuesday. This combination keeps pushing corn and soybeans in the latter stages of production. Rainfall will focus on the Delta with heavy amounts and a flood threat.