There are no significant reports on Tuesday's docket, but traders have plenty to watch, including the latest weather forecasts for major crop regions, news from Ukraine and news from the Middle East. USDA's WASDE and Crop Production reports for May will be out Friday morning.
Weather
A system that has stuck itself in the Northern Plains continues to spin there with some areas of heavy rain over Montana and into the Canadian Prairies. Meanwhile, it is pushing a cold front eastward through the Midwest with a line of showers and thunderstorms. The line will probably break apart Tuesday morning, but additional thunderstorms will develop Tuesday afternoon and evening across eastern areas of the Midwest, which may become severe with all hazards possible.