On Tuesday, the U.S. Census Bureau will release their April Trade Balance report at 7:30 a.m. CDT, which will eventually be incorporated into USDA's monthly update by mid-morning. Otherwise, there are no additional major reports scheduled. Traders will remain tuned in to the conflict in the Middle East and weather developments for U.S. crops.
Weather
A busy pattern continues Tuesday as showers move through the eastern Midwest and Tennessee Valley, which could result in some areas of heavy rain and flooding. Another system is moving through the northern Rockies and will move into the Northern Plains later Tuesday. Doing so should cause a significant severe weather event from the Dakotas down to Nebraska, with more isolated severe storms farther south to the Texas Panhandle.