The Federal Reserve releases its report on U.S. industrial production for August at 8:15 a.m. CDT Wednesday, followed by the Energy Department's weekly report of energy inventories at 9:30 a.m., including ethanol production. The National Oilseeds Processors Association will release its estimate of members' soybean crush in August later Wednesday morning. Traders will continue to monitor the latest weather forecasts and keep an eye out for any new export sales.
Weather
Tropical Depression Nicholas was still located over Louisiana but has weakened considerably. Rain may still be heavy around Louisiana and southern Mississippi, which could induce flooding across the southern Delta for maturing soybeans and cotton, but the system is likely to become a remnant low either today or tomorrow. A front will still produce some showers across the southern Midwest and Southern Plains as well, generally with light to locally moderate amounts.