A report on February U.S. new home sales is due out at 9 a.m. CDT Wednesday. The Energy Department's weekly energy inventory report follows at 9:30 a.m. and includes ethanol production. Traders will continue to monitor the latest weather forecasts and keep track of events in Ukraine.
Weather
A storm system has moved into the Midwest on Wednesday. While it has become much weaker than over the last two days, scattered showers will continue in the Midwest with a line of slow-moving thunderstorms working across the Southeast. Those storms could still be severe with a couple of tornadoes and damaging wind gusts. Farther north, there is some potential for severe storms in the eastern Midwest as well as the low pressure center has another burst this afternoon and evening. Hail is the main threat with these storms but a tornado or damaging wind gust cannot be ruled out either.