On Wednesday, an index of U.S. pending home sales for November will be out at 9 a.m. CST, the only report of the day. The U.S. Energy Department's weekly inventory report is pushed to Thursday during this four-day week. Traders will keep close watch over the latest weather forecasts, check for a possible export sales announcement at 8 a.m. CST and keep an eye on outside markets.
Weather
Warmer, Pacific air continues to flood the country east of the Rockies and is supplanting the arctic blast from last week. That is opening the door for more storm systems to move through the country. One is moving through the Intermountain West on Wednesday and will emerge into the Plains tonight where showers will develop going into Thursday. Winds continue to increase ahead of this system Wednesday, with some wind advisories posted for the Southern Plains.