There are not many reports on Tuesday's docket, but Canada will issue a report on consumer prices for April. Traders continue to keep close watch on the latest weather forecasts and especially any new information from the status of crops in Ukraine and Russia, where conditions are expected to be mostly dry this week.
Weather
A low-pressure center is strengthening in the Upper Midwest for Tuesday. It has already brought heavy rain and thunderstorms to some areas overnight and that will continue through the region throughout the day. Severe storms are looking likely, especially Tuesday afternoon and evening with the greatest threat centered on Iowa but could extend all the way down into Texas. All modes of severe weather are possible for today.