The U.S. Labor Department's producer price index will be out at 7:30 a.m. CST Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m., including ethanol production. The Federal Reserve will make its announcement on interest rates at 1 p.m. with economic projections also expected. Attention on South American weather remains a given, this time of year.
Weather
A cutoff low-pressure system is building waves of showers into the southwestern Plains on Wednesday morning, which will spread through Colorado to West Texas. It will be just cold enough in some areas to produce snow, especially late this afternoon through midday Thursday. The system will be a slow-mover, creating some heavy precipitation in the region that should help out with the remaining drought.