On Tuesday, Federal Reserve Chairman Jerome Powell addresses Congress and will likely repeat the need for further rate hikes to bring inflation down to the Fed's 2% target level. Traders will check the latest weather forecasts and may pay attention for a possible export sale announcement at 8 a.m. CST, having faith restored by Monday's corn sale.
Weather
A broad ridge across the West is extending far enough into the Rockies to produce showers in the Plains on Tuesday. Thunderstorms across the Southern Plains could be a bit stronger along the Red River, though chances there are low. Moderate snows are expected across the Northern Plains.