A report on U.S. new home sales will be out at 7:30 a.m. CDT Tuesday, followed by a report on U.S. consumer confidence at 9 a.m. Traders will continue to keep close watch on the latest weather forecasts and scour contacts for harvest anecdotes.
Weather
An upper-level cutoff low continues to meander slowly through the Midwest Tuesday, producing scattered showers. Outside of some showers near the Gulf Coast and in the Mid-Atlantic, it should be dry east of the Rockies. A large trough continues to bring rainfall into the Pacific Northwest, which will slowly progress deeper into the country later in the week.