A report on U.S. housing starts in August is due out at 7:30 a.m. CDT and is the only significant report of the day. Traders will keep an eye on the latest weather forecasts for the U.S. and South America, watch for a possible export sale announcement and any news regarding Ukraine or Wednesday's expected rate hike.
Weather
A strong cold front has dropped out of Canada and into the Northern Plains on Tuesday morning. The front will continue southeast through the day, getting into the Central Plains and the Upper Midwest by tonight. Limited showers are expected with the front, but some better thunderstorms will be possible around Wisconsin in a couple of rounds. Hot temperatures continue ahead of the front while much cooler temperatures follow behind it by about 20-30 degrees.