A report on March U.S. pending home sales is due out at 9 a.m. CDT, followed by the Energy Department's weekly inventory report, including ethanol production at 9:30 a.m. Traders continue to monitor the latest weather forecasts, events in Ukraine and any export sales announcements.
Weather
A system moving through the Northern Rockies and western Canadian Prairies will produce some isolated to scattered showers on Wednesday. Another piece of that system will emerge into the Plains late on Wednesday night with some isolated showers and thunderstorms. A few may happen upon the drier southwestern Plains, but amounts will likely be trivial or absent for most areas. Eastern areas will see quieter and colder conditions. Morning frosts may cause some limited damage to advanced wheat.