Wednesday is the first official day of winter and it will definitely feel like winter for anyone in the northern U.S. There are reports of U.S. consumer confidence in December and U.S. existing home sales in November at 9 a.m. CST, followed by the Energy Department's weekly inventory report at 9:30 a.m., including ethanol production. Traders continue to closely watch the latest weather forecasts, especially for Argentina.
Weather
A significant low pressure system is pushing into the central U.S. Wednesday, and it will continue to bring snow to much of the north central U.S. into Wednesday night. Accompanying the snow will be very cold temperatures extending from the Northern Plains into the central Plains and Upper Midwest. Wind gusts up to 40-50 mph will also accompany the snowfall, creating blizzard conditions and dangerously cold wind chills.