At 7:30 a.m. CST, the U.S. Labor Department will release its report of December consumer prices, followed by the Energy Department's weekly inventory report at 9:30 a.m. The Federal Reserve's Beige Book will be out at 1 p.m. CST, along with the Treasury Department's federal budget report for December. Traders remain interested in the latest weather forecasts and any export news.
Weather
Wednesday brings another round of dry conditions to all central U.S. crop areas. Isolated mixed precipitation in the northern Midwest will dissipate during the morning. Moisture will focus in the Northwest with rain and snow. Temperatures continue above normal north and central with below-normal values Southeast.