The U.S. Energy Department's weekly report of energy inventories, including ethanol production, is set for 9:30 a.m. CDT and is Wednesday's only official report. Traders will continue to pay close attention to the latest weather forecasts and any news of export sales that comes up. Any news pertaining to U.S. renewable fuels mandates will also turn heads with rumors circulating late Tuesday.
Weather
Scattered showers will continue near the Gulf Coast Wednesday. A frontal boundary and weak system will produce some isolated showers for the Northern Plains and Upper Midwest as well, but coverage and amounts will be low. Dryness elsewhere will help progress for winter wheat harvest and saturated soils to drain.