Twas the last trading day before Christmas and all through the house…
Friday's trading hours will be normal for grain and livestock futures, but we can't promise traders won't stir up mischief on what is traditionally a light-volume session. November reports of U.S. durable goods orders, U.S. personal income, consumer spending and the personal consumption expenditures index will all be released at 7:30 a.m. CST, followed by November U.S. new home sales at 9 a.m. At 2 p.m. USDA will post the December 1 cattle on-feed, monthly cold storage and quarterly hogs and pigs reports.
Weather
A disturbance is moving out of the Plains and into the Midwest on Friday, bringing scattered rain showers. Two disturbances are moving into the West and will combine to create a big storm in the days surrounding Christmas. But temperatures will be quite warm, and records are likely to be broken in the Upper Midwest ahead of this storm.