The headline event for Tuesday is the release of the March World Agricultural Supply and Demand Estimates (WASDE) report from USDA at 11 a.m. CDT, which will give traders an update on grain and oilseed fundamentals amid recent geopolitically driven market volatility.
Weather
A pair of storm systems are moving into the middle of the country on Tuesday. The northern portion has already brought a bit of light snow Tuesday morning and will erupt with scattered showers and thunderstorms Tuesday afternoon across the Midwest, some of which are likely to be severe, especially from Missouri into Indiana. Similarly, a system in the Southwest will move out into the Southern Plains and produce widespread showers and thunderstorms Tuesday afternoon, with some of those likely to be severe as well, especially across Texas. A band of snow will follow across the Northern Plains into the Upper Midwest and may mix with some freezing rain across Wisconsin and Michigan going into Wednesday.