Wednesday's reports start with September durable goods orders and factory orders at 7:30 a.m. CDT. With rumors swirling, traders continue to watch for a possible export sale announcement at 8:00 a.m. The U.S. Energy Department's weekly report of energy inventories, including ethanol production, is due out at 9:30 a.m. CDT.
Weather
A system moved out into the Plains on Tuesday and will slowly pivot across the middle of the country on Wednesday. This will produce a band of scattered moderate to heavy showers across the Western Corn Belt down to the Gulf Coast. Delays to harvest are expected. The rains skipped over the southwestern Plains and breezy winds there today will dry out the topsoil further, especially in west Texas, potentially damaging young wheat plants.