Wednesday's reports start with ADP's estimate of U.S. private sector employment at 7:15 a.m. CST, an early clue of Friday's unemployment report. The U.S. Energy Department releases its weekly energy inventory report at 9:30 a.m., a report that includes an estimate of ethanol production after February's cold snap. Traders will keep close watch on the latest weather forecasts and any export sales news that develops.
Weather
Dry and mild conditions will cover all primary crop areas Wednesday. Precipitation will be confined to periods of rain on the south Atlantic coast. This combination is favorable for livestock, transportation, and field drying in areas that had recent heavy precipitation. Shower prospects are indicated for the southern Plains during late week.