Overnight, China reported first quarter GDP was up 4.5% from a year ago, better than expected, reported RTTNews.com. China's unemployment rate was 5.3% in March, also better than expected. A report on U.S. housing starts in March will be out at 7:30 a.m. CDT Tuesday. In addition to watching the latest weather developments, traders may be leery of Russia's next move.
Weather
A storm system in the West will move into the Plains on Tuesday, increasing showers and a few thunderstorms. Bouts of snow will develop over the far Northern Plains and into the Canadian Prairies. Winds will also be a little breezy in the Plains, unfavorable for winter wheat.