Markets
Wednesday has a light report schedule with November pending U.S. home sales due out at 9 a.m. CST, followed by the U.S. Energy Department's weekly report of energy inventories at 9:30 a.m. Traders remain interested in South America's weather and any export news that emerges.
WeatherA system will continue to move eastward across the northern Midwest Wednesday. The front to the system will continue to be active, producing showers from the Ohio Valley southwest to Texas as we await the formation of a new low-pressure center in Texas on Thursday. Moderate precipitation has and will continue to fill soils and provide protective snow cover in the winter wheat areas. Travel and transport hazards and impacts to feedlots are also noted.