Traders remain interested in South American weather with hot temperatures expected to stress Argentina's corn and soybean crops this week. A report on U.S. consumer confidence will be out at 9 a.m. and a two-day Federal Reserve meeting begins. The federal funds rate target is expected to remain unchanged at Wednesday's 1 p.m. announcement.
Weather
A small clipper system is moving through the eastern half of the Midwest with a band of mixed rain and snow on Tuesday that will get into the Southeast Tuesday night into Wednesday. Mostly light accumulations are expected outside of the higher elevations. It continues to be quite warm as the country awaits the arrival of a large trough in the West by Wednesday.