The U.S. Commerce Department will report on the August trade deficit at 7:30 a.m. CDT Wednesday and provide USDA will more specific information about ag exports, which will be released later in the day. At 9:30 a.m., the Energy Department will release its weekly inventory data, including ethanol production. Traders will continue to monitor the latest weather forecasts, keenly aware the southwestern U.S. Plains and Lower Mississippi River desperately need rain.
Weather
A weak system is producing a few isolated showers as it moves through the Midwest on Wednesday. But the big story is the strong cold front that will be moving down from Canada and into the North-Central U.S. Wednesday night. Mild conditions will be felt for one more day across the country, but temperatures will plummet tonight across the Dakotas and Minnesota and continue to do so as the front pushes south through the country for the rest of the week. Some frosts will be possible far north tonight.