Grain traders will keep their eyes on the financial markets, watching to see how far the current selling spree will go. The U.S. trade deficit for June will be out at 7:30 a.m. CDT Tuesday and USDA will use the same source to publish more specific export data for ag commodities later Tuesday morning.
Weather
Tropical Storm Debby is slowly moving through the Southeast, bringing heavy rain. The storm center may move offshore today and keep its strength. Farther north, there is one system moving through the Eastern Corn Belt with scattered showers for Michigan into Ohio and Pennsylvania while another system in the Canadian Prairies pushes a front into the Northern Plains. All three areas will be watched for potential severe weather.