A report on U.S. durable goods orders will be out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m., including an update of ethanol production. Traders remain interested in the latest weather forecasts, events in Ukraine and growing evidence of global drought.
Weather
Wednesday features continued dry and warm across most central crop areas. Rainfall will focus on the Northern Plains and northern Midwest with light to moderate amounts, the Delta with locally heavy totals, and in the northern Rockies and Desert Southwest with potential flash flooding.