A report on second-quarter U.S. productivity is due out at 7:30 a.m. CDT Tuesday, the only official report on the docket ahead of the Labor Department's consumer price index on Wednesday. Traders will keep an eye on the weather forecasts, notice the ship reports out of Ukraine and watch for to see if there's another export sale announcement from USDA at 8 a.m. CDT.
Weather
A front is bringing some relieving temperatures to parts of the Plains and Midwest on Tuesday. Along and south of the front it will be much warmer and widespread showers are likely to occur. The rains are falling on some drought areas from Texas to the northern Delta which should help to ease the stress. Meanwhile, heat is building across the West and leaking out into the Northern Plains.