Wednesday has a big lineup of reports, starting with the December consumer price index at 7:30 a.m. CST and followed by the Energy Department's weekly inventory report at 9:30 a.m., including ethanol production. At 11 a.m. CST, USDA simultaneously releases its WASDE report, a Dec. 1 Grain Stocks report, a Winter Wheat Seedings report and a Crop Production Annual Summary. The Federal Reserve's Beige Book comes out at 1 p.m. CST.
Weather
There will be very little chance of precipitation across the primary growing regions on Wednesday while temperatures will be above normal just about everywhere outside of the Southeast. Building drought continues to be a feature for the Southern Plains wheat areas