Tuesday looks to be a quiet day for reports, with the only scheduled USDA report being Dairy Products at 2 p.m. CST. Otherwise, traders will be interested on Tuesday morning to see if there are any confirmed flash sales of soybeans to China announced by USDA, as rumors of purchases helped to drive nearby soybean futures to double digit gains on Monday.
Weather
A little disturbance is moving through the Great Lakes on Tuesday and is bringing mostly rain. However, temperatures are near the freezing mark, which may lead to some icy conditions throughout the day. Despite the freezing potential, temperatures are incredibly warm for January.