At 9:30 a.m. CST Wednesday, the Energy Department's weekly inventory will be released, a hot topic of attention after the U.S. announced a ban on Russian oil and gas Tuesday. Trading in grains on Wednesday morning may be quieter than it has been lately with USDA's March WASDE report due out at 11 a.m. CST. Traders will also pay attention to the latest weather forecasts and any news out of Ukraine.
Weather
A system continues to move from the Southeast to the Northeast on Wednesday with scattered showers across eastern areas, including the potential for some severe weather in the Southeast. A strong cold front continues to advance through the country but is hanging up temporarily in the Central Plains. That hang up is producing a band of light snow around Nebraska that will intensify later in the day and overnight along the Nebraska-Kansas border and expand a bit farther east into southern Iowa and northern Missouri as well with light to moderate snowfall amounts.