Wednesday's reports start with ADP's estimate of private sector job growth at 7:15, a.m. CDT, a possible hint of Friday's unemployment report. September factory orders are out at 9 a.m., followed by the Energy Department's weekly inventory report, including ethanol production at 9:30 a.m. CDT. The Federal Reserve's post-meeting announcement will be released at 1 p.m. CDT and is expected to mention a reduction of monthly bond purchases.
Weather
A dome of cold high pressure continues to build across the eastern half of the country. Widespread frosts and freezes are occurring across much of the Plains through the Midwest. Showers across the Southern Plains and Delta will drift southward and the rainfall will be good for winter wheat establishment where it occurs.