Early on Wednesday, there are few reports except for the Beige Book, the Fed's report on economic conditions. We will also be watching for any new export sales at 8 a.m., especially to China, and any changes in the weather outlook. At 9:30 a.m. CDT the Energy Information Administration's weekly petroleum report will be released with a focus on ethanol production.
Weather
A compact little system moving through the Corn Belt will bring some moderate showers from South Dakota to Minnesota on Wednesday, with more isolated showers elsewhere. With harvest progress so far along in both states, impacts to harvest overall will be small. Other areas with only isolated showers should still find mostly favorable conditions for harvest. Lower temperatures are filtering in behind the system across the Northern Plains already.