Traders will continue to look for clues regarding the status of Brazil's soybean production, but trading is apt to be subdued this week, ahead of Monday's New Year holiday. There are no significant reports on Wednesday's docket and the Energy Department's weekly inventory report will be out at 10 a.m. CST Thursday.
Weather
A weakening low pressure system in the Central U.S. will continue to provide isolated to scattered rain and snow showers for the Northern and Central Plains as well as the Upper Midwest and Mid-Mississippi Valley Wednesday. Well-above normal temperatures will also persist in northern parts of the Midwest, with temperatures reaching up to 12-18 degrees Fahrenheit above normal.