On Tuesday at 7:30 a.m. CDT, the Census Bureau will release the May Trade Balance report, which USDA will then use to update their monthly export database. Otherwise, there are no other major reports scheduled so traders will continue to look to U.S. weather to inform decisions.
Weather
A stalled system will continue to produce widespread showers and thunderstorms across the South and Southeast on Tuesday. In addition, a slow-moving cold front is moving across the Northern Plains into the Upper Midwest. That area will again be the target for additional showers and thunderstorms, some of which may become severe.