The U.S. trade deficit for September is due out at 7:30 a.m. CST and will allow USDA to have more specific export data later Tuesday morning. DTN will have a preview of the November WASDE report. USDA's long-term price projections will be out at 2 p.m., the same time as a report on U.S. consumer credit. Meanwhile, traders will keep an eye on South American weather conditions.
Weather
A system is moving out of the Pacific Northwest and through the Northern Plains early Tuesday, which will spread a mix of showers through the region and into the Upper Midwest Tuesday night. Some snow may accumulate in northern North Dakota and Minnesota as well as the southwestern Canadian Prairies. Temperatures for most of the U.S. will be quite warm for early November.