Market attention for Tuesday will be on the release of the December World Agricultural Supply and Demand Estimates (WASDE) report due out from USDA at 11 a.m. CST. Other macroeconomic reports include delayed job openings from October. The December FOMC meeting will also begin though the interest rate decision announcement is set for Wednesday afternoon.
Weather
A small clipper is moving through the Great Lakes with a little snow on Tuesday morning, while a stronger clipper is developing in the Northern Plains. This system will move into the Upper Midwest throughout the day. A band of heavy snow is forecast from southeast Saskatchewan through Wisconsin, which will extend across Michigan tonight. Very strong winds will wrap up behind the system, especially in the Northern Plains where gusts could exceed 60 mph. Luckily, that will not coincide with much of the snow.