Traders continue to keep an eye on the latest weather forecasts, will pause at 8 a.m. to see if USDA has an export sales announcement and right or wrong, may pay attention to talk from Russia's meeting with Turkey Wednesday, regarding Russia's proposal to escort ships out of Ukrainian ports. At 9:30 a.m. CDT, the U.S. Energy Department will release its weekly inventory report, including ethanol production.
Weather
Continuing the pattern of active weather this week, more widespread showers and thunderstorms are expected on Wednesday. The heavier hit areas should be in the Midwest, Southern Plains, and Delta. Mostly dry weather sets up for a day in the Northern Plains, which will help the Red River Valley dry out even more. Texas will remain dry as well with continued hot temperatures where storms do not occur across the north and west. As has been the case all week, the active weather should lead to areas of severe weather.