A report of U.S. consumer confidence in January at 9 a.m. CST is the lone entry on Tuesday's docket. Traders will check the latest weather forecasts, pause at 8 a.m. for a possible export sale announcement and watch for any indication of Russia's next move. Outside markets are anticipating Wednesday's announcement from the Federal Reserve.
Weather
A cold front that has sagged south through the Plains will have some light precipitation moving through western areas on Tuesday in the form of snow. While some moderate snowfall amounts up to about six inches are possible, liquid equivalents of 0.50 inches or less are not going to be enough to have an impact on the ongoing drought. Arctic cold temperatures for portions of the eastern Canadian Prairies into the Upper Midwest will make for some dangerously cold windchills for both humans and livestock.