The U.S. Labor Department's consumer price index for February will be out at 7:30 a.m. CDT Tuesday, another factor in the Federal Reserve's interest rate decisions. Traders will pay attention to the latest weather forecasts and any export sales announcements that might come out. USDA's Livestock, Dairy and Poultry outlook is out at 2 p.m. March grain and oilseed futures contracts expire early Tuesday.
Weather
A ridge developing in the middle of the country Tuesday will keep conditions mostly dry, but a weak disturbance will provide a few isolated showers to areas of the Southern Plains. Over in the West, a strong area of low pressure will continue to provide portions of the Pacific Northwest and California with heavy rain and snow. This system will work into the Great Basin over the next 24 hours and eventually make it into the Plains by Thursday.