Tuesday will be a busy day in the markets. First off at 7:30 a.m. CDT, the Bureau of Labor Statistics will release the April Consumer Price Index report. At 11 a.m. CDT, USDA will release the May World Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports, offering estimates for the upcoming U.S. winter wheat harvest and an early look into fall 2026 crops as well.
Weather
A small system is moving through the Midwest on Tuesday, producing some areas of showers and a few thunderstorms. A few of those may be severe Tuesday afternoon and evening. Otherwise, it is breezy in the Northern Plains with dry conditions that may promote wildfires.