The U.S. Labor Department's producer price index for August may be anti-climactic Wednesday, but will be out at 7:30 a.m. CDT followed by a new round of crop estimates from Statistics Canada. The U.S. Energy Department's weekly inventory report is set for 9:30 a.m. and includes weekly ethanol production. Traders will continue to watch the latest weather forecasts and keep an eye on outside market concerns after Tuesday's sell-off in the stock market.
Weather
A ridge of high pressure is building over the middle of the country Wednesday. Temperatures will continue to increase for most areas, especially with regards to morning lows. Disturbances off in the West will move northeast, producing scattered showers for the Northern Plains. Some isolated showers will also get into portions of the Central and Southern Plains. The heat and overall dryness will continue to be unfavorable for those looking to plant winter wheat.