On Monday, December 20, five days before Christmas, a report on U.S. leading indicators in November is set for 9 a.m. CST, followed by weekly grain inspections at 10 a.m. Traders will monitor the latest weekly weather forecasts and watch for any export sales activity.
Weather
There is a system in the Gulf of Mexico and a weak system in the Pacific Northwest, each with some showers on Monday. But most of the country is looking at fairly calm and quiet conditions to start the week. Drought continues to build in the southwestern Plains and will be a detriment to winter wheat.