A report on U.S. retail sales for April is due out at 7:30 a.m. CDT, followed by U.S. industrial production at 8:15 a.m. Traders continue to keep an eye on the latest weather forecasts and watch for any update of the Black Sea grain deal.
Weather
A small system is moving east along the Ohio Valley, producing scattered showers and thunderstorms, some of which may be heavy and severe. Additional showers and thunderstorms are expected to pop up to the south of this system as well across the Gulf Coast and Southeast. Drier weather elsewhere will help to dry out areas that were flooded last week.