While a winter storm works eastward across the U.S., traders remain attentive to the latest forecasts for South America. The U.S. Commerce Department's trade deficit for November is set for 7:30 a.m. CST, the source of ag export data USDA will make available later Tuesday morning. The Energy Department's Short-term Energy Outlook is due out Tuesday.
Weather
A major winter storm continues to build across the middle of the country but is pushing east for Tuesday, which is spreading heavy snow across the Midwest and heavy rain for the East Coast. With strong winds circling the low-pressure center, blowing and drifting snow along with near-blizzard conditions will continue in the Plains and Midwest and create other hazards for those in the South and East. Heavy showers and thunderstorms may be severe in the Southeast. Another large winter storm is going through the Pacific Northwest with widespread heavy snow and wind, but will be weaker as it crosses the Rockies into the Northern Plains and Prairies later today