Brazil's crop agency, Conab, will have new crop estimates out Wednesday, typically early morning. The U.S. Energy Department's weekly inventory report is set for 9:30 a.m. CST. Traders remain attentive to South American weather forecasts and the world's events.
Weather
The first major winter storm of 2024 is exiting to the northeast on Wednesday, but it will not stay quiet long. The polar vortex is building over the western half of North America, pulling down arctic air into western Canada that will spill southeast behind an initially weak system across the Northern Plains on Wednesday into Thursday. The storm will become much stronger for Thursday and Friday, following a similar track to the one from early in the week.