A report on U.S. housing starts for November is set for 7:30 a.m. CST Tuesday, the only significant report on the day's docket. Traders will keep watch on the latest weather forecasts and any outside news that emerges. Traders will also pause at 8 a.m. to see if USDA has an export sale to announce.
Weather
While a very cold airmass still remains across the Canadian Prairies and the north central U.S. Tuesday, a significant low pressure system is developing in the northern Rockies and will push east throughout the day, eventually reaching the northwest plains later Tuesday night. Meanwhile, a disturbance bringing rain showers across the southern Mississippi Valley will continue pushing east into the Southeast throughout Tuesday.