A report on October U.S. housing starts is set for 7:30 a.m. CST Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m., which includes ethanol and crude oil production. As usual, traders will keep their eyes on the latest weather forecasts and watch for any news of an export sale.
Weather
A cold front sweeping across the country is going to develop showers along it across the eastern Midwest that will move into the Delta tonight. Showers are expected to be light but could have an impact on fieldwork. Winds behind the system remain strong in the Northern Plains and extend into the Upper Midwest and Central Plains as well. While the front is moving through the Southern Plains, very little or no precipitation is expected, furthering the dryness for winter wheat.