There are no significant reports on Tuesday's docket, but traders may pay attention to the latest weather forecasts as more rain and chances for severe weather threaten the northwestern Corn Belt again. Wednesday will have several reports ahead of the Independence Day holiday on Thursday.
Weather
A system moving through Canada is pushing a cold front into the Corn Belt, laying down from Kansas into Wisconsin by Tuesday evening. Thunderstorms from Monday night should diminish as they move east into the Great Lakes Tuesday morning but redevelop Tuesday afternoon and evening with more rounds of heavy rain possible, especially around Iowa. Severe storms will be possible as well, with the greatest risk around southern Iowa and northern Missouri. It will remain hot across the South and Southeast as well.