Traders will keep an eye on South America's weather forecasts and any updates of soybean harvest or corn planting progress. There are no significant reports scheduled for Tuesday and grain traders may be a bit cautious ahead of Thursday's WASDE report. U.S. earnings season and military actions in the Middle East are two topics also getting traders' attention.
Weather
A major storm system continues to build in the Southwest on Tuesday, after dumping huge amounts of precipitation over California the last couple of days. East of the Rockies, it is quiet and very warm in anticipation of the coming storm that will move through with several impulses starting Wednesday.