The U.S. Labor Department's consumer price index for January is set for 7:30 a.m. CST Tuesday, putting attention back on the likelihood of more rate hikes ahead. Traders will check the latest weather forecasts and pause for a possible export sale announcement at 8 a.m. USDA's Livestock, Dairy and Poultry outlook will be out at 2 p.m.
Weather
A system that developed across the Central and Southern Plains during the overnight will lift northeast today, providing widespread rainfall from northern Texas into Wisconsin. Rainfall with this system could approach up to one inch in areas. Meanwhile, above average temperatures will persist across the Upper Midwest, Great Lakes, and Upper Mississippi Valley today, with temperatures 10-20 degrees above normal.