The latest weather forecasts and any news of an export sale continue to get quick attention from traders. The Energy Department's weekly inventory is due out at 9:30 a.m. CDT, including an update of last week's ethanol production. At 1 p.m. CDT, the Federal Reserve will conclude its two-day meeting and is expected to keep interest rates near zero.
Weather
Rain is in store across much of the central U.S. Wednesday, including a threat of flash flooding in the southeastern Plains and southern Midwest. Severe storm potential is also high in the far southern Plains and portions of the eastern Midwest. The rain will delay planting but offers favorable crop moisture. Drought areas of the northern Plains, Northwest and Canadian Prairies will be bypassed by this rain event.