Back from the weekend, traders will keep catch up on South American weather forecasts and notice any news over the weekend, especially concerning Middle East tensions and Red Sea traffic. The U.S. index of leading indicators for December is set for 9 a.m., followed by USDA's weekly export inspections at 10 a.m.
Weather
A large system will bring widespread precipitation from Texas into Illinois Monday, with pockets of heavy freezing rain likely in parts of Arkansas and Missouri. Up to 0.10-0.25 inch of ice is possible in northern Arkansas and southern Missouri. Meanwhile, parts of eastern Texas could see 1-3 inches of rain.