Markets
Early Wednesday, the latest South American weather forecasts still get top attention from traders, along with any export news that develops. At 7:30 a.m. CST, there is a report on U.S. retail sales in November. The U.S. Energy Department releases its weekly report of energy inventories at 9:30 a.m., including weekly ethanol production. At 1 p.m. CST, the Federal Reserve concludes its two-day meeting with a statement, explaining any changes in policy the Open Market Committee deems suitable.
WeatherRain will cover most of the southeastern U.S. Wednesday, interfering with the remnants of cotton harvest. We'll also see snow in the Ohio Valley producing transportation slowdowns. Dry conditions will be in place elsewhere. Headlines the next few days will be dominated by a developing snowstorm in the northeastern U.S.