U.S. weekly jobless claims and durable goods orders for October are set for 7:30 a.m. CST Wednesday. At 9:30 a.m., the U.S. Energy Department's weekly inventory report will be released, followed by natural gas storage at 10 a.m. and USDA's monthly cold storage report at 2 p.m. South American weather continues to get a lot of attention. U.S. grain and livestock futures have normal closes Wednesday, are closed Thursday for Thanksgiving and start again at 8:30 a.m. Friday morning for a short session, in which most contracts close at 12:05 p.m.
Weather
A system continues to push off the East Coast on Wednesday morning, where some areas of accumulating snow occurred in the Northeast. Another cold front is slipping south through the Canadian Prairies and will press through the Northern Plains and Upper Midwest throughout the day. Behind it, precipitation will develop in the northern Rockies and adjacent areas of the Northern Plains and Pacific Northwest, which will amount to accumulating snow tonight into Thanksgiving Day.