The U.S. Energy Department's weekly inventory report is due out at 9:30 a.m. CST with attention on ethanol production and an inventory level that has been rising lately. At 11 a.m., USDA releases its February WASDE report and traders will be eager to see new estimates of South American crops. If there are no big surprises, traders will likely go back to watching the latest weather forecasts.
Weather
A clipper moving through Canada will be close enough to produce some isolated showers across the Midwest on Wednesday. Another disturbance will do the same going through the Northern then Central Plains. Precipitation amounts will be light in both cases while temperatures remain warm for this time of year.