At 7:30 a.m. CDT Wednesday, the U.S. Labor Department will release its producer price index for March with big increases, similar to Tuesday's consumer price index expected. At 9:30 a.m. CDT, the Energy Department will release its weekly energy inventories, including ethanol production. Traders will continue to keep an eye on this week's storms and news regarding Ukraine.
Weather
A system continues to spin up across the Upper Midwest on Wednesday. Heavy snow that has been falling since Tuesday in North Dakota continues Wednesday. The cold front to the system will move through the Mississippi Valley this afternoon, sparking widespread showers and thunderstorms, which are expected to be severe with all hazards being possible. The storms will push toward the Appalachians overnight and weaken. Colder air settling in across northern zones is significantly below normal and will lead to slower planting progress for the coming week.