On Wednesday, the EIA will release their weekly Petroleum Status report at 9:30 a.m. CST which will include last week's ethanol production. Otherwise, there are no other major economic or agricultural reports scheduled. Traders will be on the lookout for clues of increased soybean business to China after markets reopened following the Lunar New Year holiday break.
Weather
A clipper system continues to move through southeastern Canada with snow showers into the Northeast on Wednesday. It has laid down a cold front from the Northern Plains to the Midwest, and another system will essentially move along the front throughout the day, spreading some spotty showers across the area as it moves southeast.