USDA has yet to announce a corn export sale in April and traders will be watching for one early Wednesday. The latest weather forecasts will also get attention. The U.S. Energy Department will have its weekly inventory report at 9:30 a.m. CDT, including last week's ethanol production. At 1 p.m. CDT, the Federal Reserve's Beige Book will describe recent economic activity.
Weather
Moderate to heavy rain is in store for the Delta and Deep South Wednesday, slowing field work and planting. Dry conditions will cover most other crop areas. A cold pattern with some freeze threat is spreading over northern and central areas and will hinder field work and early crop growth.